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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Construction Work Done QoQ climbed to 3.4% in Q1 2026
FMPMonthlyReleased May 2026
Australia Construction Work Done QoQ climbed to 3.4% in Q1 2026, released May 2026, up 3.2% from December's 0.2% reading. The print exceeded the 0.8% consensus by 2.6%. Construction Work Done QoQ has now risen for 3 consecutive months. Construction Work Done QoQ is now the highest in 100 months.
Latest Release
3.4
Actual
0.8
Consensus
0.2
Previous
Median Absolute Error
±1 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 0.8
Actual: 3.4
Error: -2.6
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| AUD/USD | ▲ Direct | +0.55 | FOREX | Bullish AUD | → View |
| AUD/JPY | ▲ Direct | +0.45 | FOREX | Bullish AUD | → View |
| AUD/NZD | ▲ Direct | +0.40 | FOREX | Bullish AUD | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| NZD/USD | ▲ Direct | +0.35 | FOREX | Bullish NZD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Construction Work Done QoQ (Australia) was reported at 3.4% in May 2026. This beat the market consensus of 0.8% by 2.6%. The reading rose from the previous value of 0.2%. Trailing 12-month context per ETL data through May 2026. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 0.87%, down from the prior three at 1.17%. In May readings over the past 3 years, Construction Work Done QoQ has averaged 0.17%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with AUD/USD (Bullish AUD). A secondary relationship exists with AUD/JPY, positively correlated (Bullish AUD). Over the last 12 releases, the Sigmacast model's median absolute error is 1%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Interest Rate Decision (Jun 16) and RBA Rate Statement (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Construction Work Done QoQ - AU
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About Construction Work Done QoQ — Australia
DEFINITION
Construction Work Done QoQ (Quarter over Quarter) is a financial indicator that measures the change in the value of construction work completed during a specific quarter compared to the previous quarter. It provides valuable insights into the current state of the construction industry and can be used to track trends and forecast future activity. This indicator is commonly used by investors, analysts, and policymakers to assess the health of the construction sector and its impact on the overall economy.
WHY THIS INDICATOR MATTERS
Housing data leads broader economic cycles by several months and is highly rate-sensitive, with knock-on effects to construction, materials, and consumer credit. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2026): actual 3.4 %, consensus 0.8 %. Prior reading (Oct 2025): -0.1 %. Before that (Jul 2025): -0.7 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.