Australia's construction activity marked a third consecutive year of
contraction in May, as per a survey by Australian Industry Group and the
Housing Industry Association on Friday showed. The Performance of
Construction Index remained broadly unchanged at 35.3 compared with 35.2
in April, suggesting continued sharp decline in activity during the
month. Readings below 50 indicates contraction in activity. The May
reading marked the thirty-sixth consecutive month that the index has
been below 50.
Source by Commodity Insights
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