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The Australian Bureau of Statistics released its construction work done figures on Wednesday. Construction work done in Australia dropped 3.6% in the fourth quarter, missing forecasts of a 2.0% fall, after a 1.8% decrease in the previous quarter. The third quarter's figure was revised up from a 3.6% decline.
The seasonally adjusted estimate of total building work done rose 2.7% in the fourth quarter, while engineering work slid 9.5%.
On a yearly basis, total construction work plunged 4.3% in the fourth quarter.
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