The construction sector in Australia continued to contract in March, albeit at a slower rate, the latest survey from the Australian Industry Group revealed on Friday with a Performance of Construction Index score of 45.6.
That’s up from 43.8, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.
Individually, activity, employment, new orders, supplier deliveries and selling prices all improved but continued to contract.
Input prices and average wages weakened but remained well into expansion territory.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
