Wednesday, September 7, 2011

Construction Slowdown in Australia

New stimulus call as building industry slumps further
Industry figures released yesterday reveal that construction activity has dropped for the 15th consecutive month, with commercial building activity suffering more than housing.

The Australian Industry Group (AIG) Performance of Construction Index dropped four points in August to 32.1 - significantly below the 50-point threshold that separates expansion from contraction.

1 comment:

jesse said...

This is the proper response, in my view. Just don't think it will keep housing prices high.