The Traderszone Network

Published in TZ Latest News 6 March, 2016 by The TZ Newswire Staff

Australia – Construction PMI for February: 46.1 (prior 46.3)

AiG Performance of Construction Index
The ‘key findings’ from AiG (in summary):
– Third consecutive month of contraction
– Across the four sub-sectors, house building activity contracted in February for the first time in three months to be at its lowest level since the start of 2015 … Apartment building sector experienced a solid upturn in activity … Commercial construction also showed strong improvement, expanding for the first time in six months… Engineering construction continued to contract, although its rate of decline was the slowest in nine months