Australian Industry Group Performance of Construction Index for November
'Key findings' on the report from AiG:
- The national construction industry ... the pace of growth was marginal and the slowest since overall conditions returned to growth in August
- Across the four sub-sectors apartment building activity expanded solidly and at a rate that was only slightly below October's 10-year high level. However, house building remained in negative territory with activity declining for a second consecutive month
- Commercial construction declined at a steeper rate
- Egineering construction continued to contract ... its rate of decline moderated for a second consecutive month
- New orders slipped slightly into negative territory (after growth in the previous three months)
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Last week we got:
- Manufacturing PMI for November still going strong
- & the November Services PMI is in contraction
