Ai Group/HIA Australian Performance of Construction Index is up to 50.8 in April

Market news

6 May 2016

Ai Group/HIA Australian Performance of Construction Index is up to 50.8 in April

The Australian Industry Group (AiG) released its construction data for Australia on late Thursday evening. The Ai Group/HIA Australian Performance of Construction Index jumped to 50.8 in April from 45.2 in March.

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

The rise was mainly driven by an increase in engineering construction.

Gold has risen in price considerably

Atlanta Fed President Dennis Lockhart does not know how he will vote on the monetary policy meeting in June

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