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Australia – AIG Performance of Construction index for April: 45.9 (prior was 46.2)
Australia – AIG Performance of Construction index for April: 45.9 (prior was 46.2)
- Down 0.3 points to 45.9
- Contracts further, in contraction now for the fourth consecutive month
- prior was 46.2
- Commercial construction fell 10.8 points to 45.7
- Engineering also weaker, falling 6.3 points to 39.2
- The new-orders sub index (an indicator of future activity) was down 1.7 points to 46.6.
- House building rose 3.8 points to 54.6
- Apartment building was 12.3 points stronger to reach 57.9
- Input prices were lower but the index remained high at 68.4
- Construction employment was also weaker to 43.3
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