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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Construction Work Done QoQ fell to -2.1% in Q2 2026
FMPMonthlyReleased August 2026
Australia Construction Work Done QoQ fell to -2.1% in Q2 2026, released August 2026, down 6.4% from March's 4.3% reading. The reading missed the 0.5% consensus by 2.6%. The print is running well below the 12-month average of 0.61%. Construction Work Done QoQ is now the lowest in 24 months.
Latest Release
-2.1
Actual
0.5
Consensus
4.3
Previous
Median Absolute Error
±1.15 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 0.5
Actual: -2.1
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 | Co-movement | Action |
|---|---|---|---|---|---|
| AUD/USD | ▲ Direct | +0.55 | FOREX | Moves with | → View |
| AUD/JPY | ▲ Direct | +0.45 | FOREX | Moves with | → View |
| AUD/NZD | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Moves with | → View |
| NZD/USD | ▲ Direct | +0.35 | FOREX | Moves with | → 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 -2.1% in August 2026. This missed the market consensus of 0.5% by 2.6%. The reading fell from the previous value of 4.3%. Trailing 12-month context per ETL data through August 2026. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 0.4%, down from the prior three at 0.77%. In August readings over the past 3 years, Construction Work Done QoQ has averaged 0.33%.
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 1.15%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include CFTC AUD speculative net positions (Sep 18) and RBA Hunter Speech (Sep 21).
Auto-generated from current model state · Refreshes on each release · Last update August 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 (Apr 2026): actual -2.1 %, consensus 0.5 %. Prior reading (Jan 2026): 3.4 %. Before that (Oct 2025): -0.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - AU Events
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 01:00 | AU | Westpac Leading Index MoM | 0 | 0.2 | 0.25 | Low | |
| 01:00 | AU | Leading Index MoM | 0 | 0.2 | 0.20 | Low | |