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1.Market Observations, 8.Was Sticky

8 Aug 2019 (AFR) – Construction shrinks at fastest pace in 6 years in July

(8 August 2019, AFR, p31, Michael Bleby, Senior Reporter)

‘Australia’s construction industry is further shrinking, with declining new orders and job losses adding to declining activity in the house- and apartment-building sectors. The headline Performance of Construction Index fell 3.9 points to 39.1 in July, its lowest level in six years, as the leading indicator of new orders also dropped to a six-year low of 36 and employment to a six-year low of 35.9, Ai Group and the Housing Industry Association said on Wednesday.’

Read more at AFR.com (might need AFR log in access, or try: AFR.com/trial)

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