Australia Construction Sector Swings To Expansion - AiG
The construction sector in Australia turned to expansion in September, the latest survey from the Australian Industry Group revealed on Friday with a PMI score of 51.4.
That's up sharply from 46.6 in August, and it moves above the boom-or-bust line of 50 that separates expansion from contraction.
Engineering construction and activity remained strong, while house and apartment construction continued to contract.
Individually, employment, input prices, swelling prices, wages and capacity utilization all expanded, while new orders and deliveries contracted.
News are provided byInstaForex.