Pete Wargent blogspot

PERSONAL/BUSINESS COACH | PROPERTY BUYER | ANALYST

'Must-read, must-follow, one of the best analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Wednesday, 15 January 2020

Engineering construction down 10.3pc

Are we there yet?

Engineering construction was higher over the year in New South Wales thanks to infrastructure works, and in Tasmania.

Otherwise...


Down 10.3 per cent year-on-year at the national level, as resources construction activity still fails to inspire. 


Roads, highways, and light rail in Sydney were the main bright spot, otherwise poor.

The Northern Territory economy has been shot to pieces as the Ichthys/Inpex project construction has wound up, and people are leaving the Top End.