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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
  • New orders recorded a steeper decline in February
  • Employment turned down following six months of growth

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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