Ai Group/HIA Australian Performance of Construction Index is down to 46.3 in January

Market news

5 February 2016

Ai Group/HIA Australian Performance of Construction Index is down to 46.3 in January

The Australian Industry Group (AiG) released its construction data for Australia on late Thursday evening. The Ai Group/HIA Australian Performance of Construction Index fell to 46.3 in January from 46.8 in December. Analysts had expected the index to remain unchanged at 46.8.

A reading above 50 indicates expansion in the sector, a reading below 50 indicates contraction.

The decline was mainly driven by weak activity in the commercial construction sector.

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