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For Information on the
methodology used to generate the forecasts....
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General Information
The forecasts on this web-site take into account data and other information available up to 9 June 2010 but not beyond. Of particular importance are the historical data to the December quarter 2010 published by the ABS as follows:
- “Engineering Construction Activity”, ABS Cat No. 8762.0, published 8 April 2010; and
- “Building Activity”, ABS Cat No. 8752.0, published 14 April 2010.
Forecast horizons are as follows. The short-term forecasts are on a quarterly basis and extend from the March quarter 2010 until the December quarter 2011. The long-term forecasts are on a financial year basis and extend from 2009-10 until 2017-18.
The construction forecasts are classified by type of construction and region as follows.
- Residential building is separated into four building functions. Three of the building functions are based on ABS Building Activity definitions. These building functions are further divided into 14 regions, being the six state capital cities, the remainder of the six states, and the two territories. The fourth category is derived from the ABS National Accounts as well as Building Activity. It represents mainly small alterations and additions and includes mobile residences. This building function is divided into the eight states and territories.
- Non-residential building is separated into nine building functions, based on ABS definitions. It is further divided into 14 regions, being the six state capital cities, the remainder of the six states, and the two territories.
- Engineering construction is separated into seven construction types, based on ABS definitions. It is further divided into the eight states and territories.
For detailed definitions, see the ABS publications referred to above.
11 June 2010
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