Construction Work Done q/q (AUD) comes in at -2.1% against 0.2% consensus
| Pair | Now | Since publish |
|---|---|---|
| AUDUSD | — | — |
Australia’s Construction Work Done q/q registered a significant contraction, coming in at -2.1%. This figure sharply missed the market consensus expectation of 0.2% and represents a notable decline from the previous quarter’s 3.4% growth. The actual print showed a -1150.0% surprise compared to the consensus forecast.
Following the release, the Australian dollar showed broad strength across major pairs within the first 15 minutes. AUDCAD moved up +15 pips, AUDCHF gained +9.5 pips, AUDJPY rose +12 pips, AUDNZD increased +33 pips, and AUDUSD climbed +11 pips. EURAUD declined -24 pips and GBPAUD fell -27 pips, indicating AUD strength. Compared to historical movements, the +15 pips move in AUDCAD is above its median 1-hour move of 10 pips. AUDCHF’s +9.5 pips move is also above its median of 7 pips. AUDJPY’s +12 pips move is at its median 1-hour move. AUDNZD’s +33 pips move is significantly above its median of 13 pips, though below its top-quarter threshold of 43+ pips. AUDUSD’s +11 pips move is above its median of 9 pips. EURAUD’s -24 pips move is above its median of 17 pips, nearing its top-quarter threshold of 25+ pips. GBPAUD’s -27 pips move is also above its median of 19 pips, nearing its top-quarter threshold of 29+ pips.