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Construction activity falls again in Sep
7-October-08
Written by AAP
Activity in the construction sector deteriorated considerably in September, a survey has found.
The Australian Industry Group-Housing Industry Association performance of construction index (PCI) fell 11.3 index points to 31.8 points in September, its weakest reading since the survey was established in September 2005.
The index was below the key 50 level, which separates expansion from contraction, for the seventh straight month.
The report found substantial falls in commercial and apartment building activity, as firms delayed construction due to the on-going credit squeeze and slowing economy.
Article continues...
7-October-08
Written by AAP
Activity in the construction sector deteriorated considerably in September, a survey has found.
The Australian Industry Group-Housing Industry Association performance of construction index (PCI) fell 11.3 index points to 31.8 points in September, its weakest reading since the survey was established in September 2005.
The index was below the key 50 level, which separates expansion from contraction, for the seventh straight month.
The report found substantial falls in commercial and apartment building activity, as firms delayed construction due to the on-going credit squeeze and slowing economy.
Article continues...
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