Effects of Government's infrastructure spending - Construction Activity Up 2.7% in Sept 09
For those wondering if the Government's infrastructure spending is still continuing, we have these figures from the ABS released yesterday regarding construction activity in September The value of total construction over the quarter increased by 2.7% (seasonally adjusted). However it was the construction activity for the public sector (or Government) that was the real driver for this growth, up 13.2% for the quarter (or 27.4% for the year). Private sector construction activity actually went down over the quarter by 2.2% (but was still up by 13.6% for the year). So without the Government spending, the construction activity would not be as positive. The Liberals need to find a new subject to attack the government. Another interesting stat from this release is the fact that NSW Government spends more on construction activity than any other state government. Living in NSW , my question is, what the hell are we getting for our dollars! I presume it's the Federal Government school s...