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Financial News: Australia Construction Index Climbs To 44.6 In August

Australia Construction Index Climbs To 44.6 In August - AiG

09/05/2019 - 18:44:00 (RTTNews)

(RTTNews) - The construction sector in Australia continued to contract in August, albeit at a slower pace, the latest survey from the Australian Industry Group revealed on Friday with a Performance of Construction Index score of 44.6.

That's up sharply from 39.1 in July, although it still remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

In all, the index sector has been in contraction for 12 straight months.

Among the individual components of the survey, employment, new orders, supplier deliveries and selling prices all improved sharply but continued to contract.

Input prices and average wages also improved further into expansion.

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