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Australian construction activity slumps in Nov
Activity in Australia’s construction industry shrank for a ninth consecutive month in November as collapsing confidence and tightening lending standards strangled the industry, a survey showed on Friday. The Australian Industry Group/Housing Industry Association performance of construction index (PCI) dropped 4.4 points to 32.0, the second-lowest reading since the survey began in 2005 and... »
Construction increases in September
STRONGER than expected construction activity has raised the prospect that the economy continued to record robust growth in the September quarter, economists say. Total construction work done in Australia rose by 4.4 per cent in the September quarter in volume terms, seasonally adjusted, well above the median market forecast of a 1.5 per cent... »