An index measuring the construction industry in Australia came in with a score of 34.8 in June, the Australian Industry Group said on Friday, up barely from 34.7 in May but signaling contraction for the 25th consecutive month.
A score above 50 shows expansion in a sector, while below 50 represents contraction.
Among the individual components of the survey, apartment construction saw a score of 21.8, while commercial construction was at just 26.6.
Upon the release of the data, the Australian dollar showed little changes against major rivals, trading near 1.0285 against the U.S. dollar, 82.21 versus the Japanese yen, 1.2793 against the NZ dollar and 1.2057 versus the euro.
by RTT Staff Writer
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