Ai Group/HIA Australian Performance of Construction Index is down to 45.2 in March

Market news

7 April 2016

Ai Group/HIA Australian Performance of Construction Index is down to 45.2 in March

The Australian Industry Group (AiG) released its construction data for Australia on late Wednesday evening. The Ai Group/HIA Australian Performance of Construction Index fell to 45.2 in March from 46.1 in February, reaching the 13-month low.

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 and apartment building activity, and employment.

Chicago Fed President Charles Evans: the Fed should be cautious in raising its interest rate further

European Central Bank President Mario Draghi: the Eurozone’s economy recovers moderately

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.