Ai Group/HIA Australian Performance of Construction Index is down to 46.1 in February

Market news

7 March 2016

Ai Group/HIA Australian Performance of Construction Index is down to 46.1 in February

The Australian Industry Group (AiG) released its construction data for Australia on late Sunday evening. The Ai Group/HIA Australian Performance of Construction Index fell to 46.1 in February from 46.3 in January.

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

The decline was mainly driven by a drop in house building activity.

China’s foreign-exchange reserves decline by $28.57 billion in February

German seasonal adjusted factory orders decline 0.1% in January

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