Concrete production rises on mining investment

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By Leith van Onselen

The Australian Bureau of Statistics (ABS) has just released concrete production statistics for the month of February, which revealed a 36% increase in concrete volumes over the month.

The data is incredibly volatile and no doubt affected by seasonality. As such, it is presented below in index form on a rolling annual basis:

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According to the ABS, concrete production rose by 3% nationally over the year on a rolling annual basis. This increase was driven by the Northern Territory and Western Australia, which experienced a 42% and 18% increase respectively, presumably on the back of the current mining investment boom. By contrast, concrete use in the other states grew by a combined 1% only over the year on a rolling annual basis.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.