Markets

Australia’s construction sector is in a spot of bother

Australia’s construction sector contracted sharply in March, with activity levels across residential, commercial and engineering all deteriorating compared to levels seen in February. The AI Group-HIA performance of construction index (PCI) — akin to a PMI report — fell 0.9 points to 45.2, marking the fastest contraction seen in 13 […]
Australia’s construction sector is in a spot of bother
Markets

Australian building approvals plunged in January

Australian building approvals plunged in January, reversing almost all of the bounce previously recorded in December. According to the ABS, approvals fell by 7.5% to 17,446 in seasonally adjusted terms, largely offsetting the downwardly revised 8.6% increase of December. The decline, well below expectations for a smaller drop of 2.0%, […]
Australian building approvals plunged in January