- Up 5.1 points and into ‘expansion’
- Construction activity grew 6.1 points to 53.1 in June
- House building growth up 2.2 points to 56.6
- Engineering construction up 16.3 points to 51.1 (also noted was a “pipeline of infrastructure work on the east coast getting underway”).
- Higher also was new orders (expanded for the first time since December 2013), activity and deliveries
- Falls in apartment building (49.2) and commercial construction (49.8)
- Construction employment remained weak at 47.4
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The index is not an important immediate focus for the FX market, but it all goes into the mix.
