Thursday 6 June 2013

Economic Buzz: Australia's Construction Activity Contracts For Third Straight Year

Australia's construction activity marked a third consecutive year of contraction in May, as per a survey by Australian Industry Group and the Housing Industry Association on Friday showed. The Performance of Construction Index remained broadly unchanged at 35.3 compared with 35.2 in April, suggesting continued sharp decline in activity during the month. Readings below 50 indicates contraction in activity. The May reading marked the thirty-sixth consecutive month that the index has been below 50.
Source by Commodity Insights

No comments:

Post a Comment