Global Power | Local Knowledge | Uniquely Personal
All Articles News FAQs Videos
中文

Construction 'still struggling'

The Australian construction sector continues to struggle, a new report has claimed.

Construction efforts in the Australian property sector continue to be hampered by low confidence in a recovery, new data has revealed.

The latest Australian Performance of Construction Index from the Australian Industry Group (AIG) was 2.2 points lower in July than during the previous month at 32.6.

A figure of less than 50 highlights a contraction in the sector and July 2012 marked the 26th straight month that the index was below this score.

However, AIG group director of public policy Peter Burn commented: "Two bright spots in July were an easing in the rate of decline in apartment construction activity and a pick up in the engineering construction new orders sub-index."

He added that the biggest drags on activity are the ongoing slumps in the commercial and housing construction industries.

The news follows the recent Trades Report from the Housing Industry Association, which highlighted a downturn in the number of construction projects taking place across Australia over recent months.

Posted by Craig Francis

- construction, building, housing, property

DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact info@smats.net.

中文

Subscribe Now