Global Economic News

Australia Construction PMI Remains In Contraction - AiG

The construction sector in Australia continued to contract in November, albeit at a slower pace, the latest survey from the Australian Industry Group showed on Wednesday with a Performance of Construction Index score of 46.6.

That's up from 45.7 in October, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

All four of the sectors contracted, including apartment, house, engineering and commercial building.

Among the sub-components, new orders, employment and deliveries all contracted, while input prices, selling prices, wages and capacity utilization expanded.

by RTTNews Staff Writer

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