Aaron Bunch Journalist with Australian Associated Press | Collection of published work | + 61 484 008 119 | abunch@aap.com.au
A review of the week’s economic data
A review of this week’s economic data, November 20 to November 24.
November 24, 2017
CORELOGIC CAPITAL CITY HOUSE PRICES
Home sales across Australia’s capital cities edged higher in the week to November 19, but softness in the Sydney market continued to weigh on prices. The national auction clearance rate rose to 65.4 per cent, up from a revised 62.8 per cent in the previous week.
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ANZ-ROY MORGAN CONSUMER CONFIDENCE WEEKLY SURVEY
Consumer confidence rose 1.4 per cent in the week to November 17, with householders buoyed by the state of the economy, the fall in the unemployment rate and the success of the ‘Yes’ vote in the marriage equality survey. However, householders’ views about the state of their current finances fell 0.4 per cent, its third consecutive fall.
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AUSTRALIAN BUREAU OF STATISTICS (ABS) CONSTRUCTION WORK DONE
The value of construction work done jumped 15.7 per cent in the September quarter to $61.9 billion, mainly bolstered by a 33 per cent surge in engineering work, including mines, roads and bridges, to $34.2 billion. Total building work on homes and non-residential buildings such as offices and shops fell 0.4 per cent to $27.6 billion in the quarter.