Australia Construction work done in Q2: +1.6% q/q (vs. expected +0.8%) - ConsultFX

Australia Construction work done in Q2: +1.6% q/q (vs. expected +0.8%)

Second quarter GDP data is due September 5, this one of the early inputs to be released  Comes in at +1.6% q/q, a huge beat  - expected +0.8% q/q, prior +2.4%, a hefty revision indeed from +0.2% This augurs well for Q2 GDP (at this stage anyway). The thing is … April to June is ancient history especially