The construction sector in Australia continued to expand in December, although at a much slower rate, the latest survey from the Australian Industry Group revealed on Monday with a Performance of Construction Index score of 52.8.
That’s down sharply from 57.5 in November, although it remains above the boom-or-bust line of 50 that separates expansion from contraction for the 11th consecutive month.
Engineering construction and house building remained the strongest performing areas of construction activity in December. However, the pace of activity growth in both sectors was well down on the solid increases in November.
The rate of expansion in commercial construction was also slower in the month.
The material has been provided by InstaForex Company – www.instaforex.com
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