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Australian PCI: Construction sector shrinks for fourth month
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) fell by 1.4 points to 46.5 in September, indicating contraction in activity across the construction sector for a fourth month, and at an increased rate of decline compared to August (readings below 50 indicate contraction in activity, with lower results indicating a stronger rate of contraction). Peter Burn, Chief Policy Advisor at the national employer association Ai Group said: "Australia's construction industry contracted in September with activity and new orders both lower than in ... (full story)
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- Posted: Oct 5, 2022 9:28pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 483
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