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Financial News: Australian Construction Sector Slows In October - AiG

Australian Construction Sector Slows In October - AiG

11/06/2017 - 18:41:00 (RTTNews)

(RTTNews) - The construction sector in Australia continued to expand in October, albeit at a slower pace, the latest survey from the Australian Industry Group showed on Tuesday with a Performance of Construction Index score of 53.2.

That's down from 54.7 in September, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

By sector, house building and engineering construction continued to expand, while apartment building contracted for the third straight month. Commercial construction was broadly unchanged.

Growth in employment and wages also continued in October.

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