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Australia Construction Index Climbs To 43.1 In January - AiG

The construction sector in Australia continued to contract in January, albeit at a slower pace, the latest survey from the Australian Industry Group revealed on Thursday with a Performance of Construction Index score of 43.1.

That's up from 42.6 in December, although it remains well beneath the boom-or-bust line of 50 that separates expansion from contraction.

Among the individual components, activity, employment, new orders, supplier deliveries and selling prices all remained in contraction, while input prices and average wages continued to expand.

Across the residential construction sectors, the influence of the downtrend in approvals from historic highs is continuing to have a negative impact on overall industry conditions.

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