Andrew Callagher
speaker
159 appearances
1 recordings
1 series
first heard Jun 2026
last heard 4 Jun
Andrew Callagher’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.
Appearances
fell 3.5% compared to December 2025.
Now, if I looked at a Bloomberg survey of economist expectations, they were expecting a 1.5% increase, and it fell 3.5%.
So big difference between what was expected and what we got.
Residential work fell 2.2%.
Non-residential work fell 1%.
4%.
On a value basis, you've got $7.2 billion worth of work in the quarter.
That's a fall of 9.5% from 12 months ago.
And if you look at the longer-term numbers, they're even sort of more sobering.
Residential construction, $17.6 billion in the 12 months to March 26.
That's the lowest March year since 2016, and 25% below the peak, which was back in 2023.
So you've clearly got a sector here
One would expect it's got capacity that's either probably going to have to shrink because it's a lot lower than it was.
Economists out there, Heather, they're trying to firm up their first quarter growth forecast at the moment.
We did a release of our first quarter GDP number on the 18th of June, so that's the week after next.
I think these numbers could be a little bit of a drag on those estimates.
You'd have to get one of your friendly economists in to talk to them, but I suspect they'll have to put their expectation down a little bit on the back of these numbers.
I love this data series, Heather.
It's one of my favourite data series.
And, of course, you know, I'm one of those odd people that likes data series.
Showing 21–40 of 159 · page 2 of 8
← Previous
Next →