Global Economic News

Australia Construction Index 46.2 In March - AiG

An index measuring activity in Australia's construction sector came in with a score of 46.2 in March, the Australian Industry Group said on Monday - up from 44.2 in February.

Construction activity contracted for the third straight month, the survey showed, as a score below 50 signals decline and a score above 50 means expansion.

Among the individual components of the survey, the new orders sub-index saw its contraction slow dramatically, jumping from 39.5 in February to 48.3 in March.

The employment sub-index continued to weaken, falling from 46.0 in February to 42.7.

by RTTNews Staff Writer

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