Economic data released through the Asian session this morning was on the lighter side, with key stats limited to 3rd quarter construction work done figures out of Australia.
For the Aussie Dollar, construction work done fell by 2.8% in the 3rd quarter, quarter-on-quarter, coming up well short of a forecasted 0.9% increase, whilst also reversing a 2nd quarter 1.6% rise.
According to figures released by the ABS,
- Quarter-on-quarter, building work down fell by 1.5%, with residential and non-residential work down falling by 1% and by 2.4% respectively, while engineering tumbled by 4.5%.
- Year-on-year, construction work done was down by 16.9%, with engineering work done sliding by 34.4% to pull total work done into the red.