Global Economic News

Australia Construction Sector Expands In June - AiG

The construction sector in Australia swung to expansion in June, the latest survey from the Australian Industry Group revealed on Thursday with a Performance of Construction Index score of 53.2.

That was up sharply from 46.7 in May, and it moved above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, commercial and engineering construction remained weak, while residential construction continued to be strong.

by RTTNews Staff Writer

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