logo
Share SHARE
FONT-SIZE Plus   Neg

Australia Construction Remains In Contraction In March - AIG

Activity in Australia's construction sector picked up slightly in March but remained in sharp contraction, according to survey results published Tuesday by the Australian Industry Group.

AIG's Performance of Construction index for March was 36.2, an increase of 0.6 points from February.

Readings below 50.0 indicate contraction of activity in the sector.

The AIG report said new orders in the sector declined for a 22nd straight month.

"Large parts of the national construction industry remained stuck in the doldrums," said AIG Public Policy Director Peter Burn. "Very weak conditions continue in the house and apartment building and commercial construction sectors."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Embark Veterinary Inc., a startup that makes dog DNA-testing kits for pet owners, vets and breeders, said it has raised $4.5 million in funding from investors and relocated its headquarters to Boston. The company intends to use the new funding to expand its canine genetic testing suite for pet owners, breeders, and veterinarians. Intel Corp. has completely shut down its wearables division about two weeks ago, CNBC reported, citing a person familiar with the matter. The company reportedly intends to focus on augmented reality. According to the CNBC report, Intel laid off about 80 percent of the team that made the Basis fitness watch in November 2016 and has now eliminated the division entirely. The Federal Trade Commission is investigating allegations that Amazon.com Inc. misled consumers about its pricing discounts, Reuters reported, citing a source close to the probe. The FTC probe is reportedly part of the agency's review of Amazon's proposed $13.4 billion deal to buy grocery chain Whole Foods Market Inc.
comments powered by Disqus
Follow RTT