Login
ISCOVER
National construction activity continued to decline in August, albeit at a more moderated pace, the Australian Industry Group (Ai Group) and Housing Industry Association’s Performance of Construction Index showed today.
The Index registered 43.1 for the month, remaining below the key 50 level which separates expansion from contraction.
Tony Pensabene, Ai Group associate director of economics and research, said the August result, coupled with the past two months, suggested the industry may be approaching a slow recovery.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Looking for more benefits?
Become a Premium Member.
“We are seeing early signs that the industry has passed a low point in the current cycle with the rate of decline in activity moderating for a third straight month,” he said.
Published: 05-09-08
JOIN THE DISCUSSION