The latest ABS data shows the volume of construction work done in Queensland in the June quarter rose 2.7 per cent to $9.47 billion. Treasurer Curtis Pitt said that’s the first quarterly increase since September 2013 with the highest quarterly increases directly attributed to the amount of public investment in Queensland. “This is the first quarterly increase (seasonally adjusted) in engineering construction in 10 quarters, following the falls from completion of LNG projects,” Mr Pitt said. “The real value of engineering construction in Queensland rose 3.3 per cent in the June quarter although it should be noted that engineering construction was 23.5 per cent lower over the year as works associated with major LNG projects wind down.
View the complete QLD Construction Climb media release here.