- Declines in both engineering construction and apartment building activity were slightly steeper in August.
- Commercial construction contracted at a slower rate following a sharp deterioration in July
The house building activity sub-index fell by 0.3 points to 49.0 in August. At just 1.0 point below the 50-point mark that separates expansion from contraction, this is an encouraging sign that activity in the sector is close to stabilising.
