Australia Construction Index Eases From Record High - AiG

By Rtt News Staff Writer9 days ago

The construction sector in Australia continued to expand in April, albeit at a slower pace, the latest survey from the Australian Industry Group showed on Wednesday with a seasonally adjusted Performance of Construction Index score of 59.1.

That's down from the record-high 61.8 in March, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

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All four components of activity expanded strongly in April 2021. The activity index jumped 5.1 points to a record high of 62.8 points, as home builders nationwide scrambled to commence new projects ahead of the HomeBuilder grant deadlines.

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