No. 3 - Department of Treasury - The Western Australian Government
No. 3 - Department of Treasury - The Western Australian Government
No. 3 - Department of Treasury - The Western Australian Government
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<strong>Western</strong> <strong>Australian</strong> Economic Summary2006 <strong>No</strong>.3<strong>The</strong> latest ABS data on engineering work “yet to be done” 1(June quarter 2006) suggest that strong growth will continue in thiscomponent <strong>of</strong> business investment over the near term. <strong>The</strong> data show workin the pipeline for <strong>Western</strong> Australia has grown strongly over the past yearor so, and is now at an historical high (Figure 31). Work commenced has alsorisen quite substantially. However, the ability <strong>of</strong> the business sector toprogress projects in the face <strong>of</strong> capacity constraints is likely to be akey challenge over coming quarters.$12BFigure 31ENGINEERING CONSTRUCTION ACTIVITY<strong>No</strong>minal Values, Quarterly$8B$4B$0BJun-90 Jun-94 Jun-98 Jun-02 Jun-06Commenced Done Yet to be DoneSource: ABS Cat. 8762.01 Data are in current prices. Engineering is only a subset <strong>of</strong> total businessinvestment, averaging around 27% <strong>of</strong> total business investment over the past fiveyears.46 <strong>Department</strong> <strong>of</strong> <strong>Treasury</strong> and Finance
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