Australian construction work data due at the bottom of the hour

Most focus will be on the inflation number:Australian CPI due at the bottom of the hour - what to expect and why its not officialBut, construction data also due. Via Commonwealth Bank of Australia, analysts there expect +0.7% q/q:Construction work done includes building work (residential and non - residential) and engineering work. Residential building activity likely saw a bounce in the September quarter after no growth across the past two quarters. There remains a moderate pipeline of work to be done, even as approvals are at low levels. Together with little expected change in non - residential construction and a slight rise in engineering work, we expect a moderate increase in overal

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