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
Pilot of an American Airline died as he was flying the Airbus A320 from Phoenix to Boston. The co-pilot managed the situation and made an emergency landing at Syracuse Hancock International airport on Monday. The Flight was carrying 147 passengers and five crew members. Popular social media company Twitter Inc. Monday confirmed that co-founder and one of the largest shareholders Jack Dorsey will be permanent chief executive officer. Xbox Live users are aggravated about repeated outages that have prevented gamers from accessing online multiplayer features.
comments powered by Disqus
Follow RTT