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Australia Construction Index Rises To 43.8 In February - AiG

The construction sector in Australia continued to contract in February, albeit at a slower pace, the latest survey from the Australian Industry Group revealed on Thursday with a Performance of Construction Index score of 43.8.

That's up from 43.1 in January, although it remains well beneath the boom-or-bust line of 50 that separates expansion from contraction.

In all, the sector has been in contraction for six straight months.

Individually, activity, employment, new orders, supplier deliveries and selling prices were all firmly in contraction. Input prices and average wages continued to expand, although at a slower rate.

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