The volume of construction work done rose by a robust 2.7% in QIII. This followed an upwardly revised lift of 0.1% in QII.The result came in above market expectations which centred on a rise of 0.5% {CBA(f) +1.7%}. Today’s better thanexpected result will make a healthy contribution of 0.4pts to QIII GDP growth (published 4 December).
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Commonwealth Bank