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Australia Construction Maintains Growth In September
KEY FINDINGS ▪ The national construction industry expanded for an eighth consecutive month in September, although the pace of growth moderated slightly from August. ▪ The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) fell by 0.6 points to 54.7 points in September to signal a positive but somewhat slower rate of overall growth (readings above 50.0 points indicate expansion with higher numbers indicating a faster pace of expansion). ▪ Across the four sub-sectors in the Australian PCI®, engineering construction and house building continued to drive ... (full story)