Ai Group/HIA Australian Performance of Construction Index slides to 46.7 in May

Market news

7 June 2016

Ai Group/HIA Australian Performance of Construction Index slides to 46.7 in May

The Australian Industry Group (AiG) released its construction data for Australia on late Monday evening. The Ai Group/HIA Australian Performance of Construction Index dropped to 46.7 in May from 50.8 in April.

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

The decline was mainly driven by a drop in apartment building.

Canada’s Ivey purchasing managers’ index slides to 49.4 in May

Canada: Ivey Purchasing Managers Index, May 49.4 (forecast 51.5)

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