Australian Industry Group Performance of Construction Index falls again, remains deep in contraction.
The PMI for puke buckets is higher though I guess. Construction is an important sector of the Australian economy, and it continues to show poor results.
From the report:
- construction industry on aggregate declined more sharply in September
- September was the 13th consecutive month of contracting conditions
- overall industry activity and new orders falling further into negative territory
- apartment building was again the weakest performing area of activity
- house building sector remained in negative territory although its pace of decline was the slowest since August last year
- Subdued conditions continued in commercial construction
- engineering construction declined more sharply
This is the last of the 5 monthly PMIs from Australia. previews 4 here from e
Earlier:
