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Financial News: Australia Construction Index Hits Six-Year Low - AiG

Australia Construction Index Hits Six-Year Low - AiG

06/06/2019 - 19:25:00 (RTTNews)

(RTTNews) - The construction sector in Australia continued to contract in May, and at an accelerated rate, the latest survey from the Australian Industry Group revealed on Friday with a Performance of Construction Index score of 40.4.

That's down from 42.6 in April and it moves further beneath the boom-or-bust line of 50 - now sitting at a six-year low.

Individually, activity, new orders, employment, house building, apartment activity and commercial activity were all firmly in contraction territory. Only engineering activity was barely in expansion.

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06/20/2019 - 07:28 AM (RTTNews)
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