The index of activity in the construction sector of Australia, published by the Australia Industry Group (AiG) and the Association of the housing industry was 46.6 points in November, higher than the previous value of 45.9. This indicator is based on a survey of 120 companies and reflects the conditions in the construction sector in the short and medium term. Companies respond to questions relating to production, employment, supplier prices, stocks and new orders. The high value of the index is positive, or bullish for the Australian currency.
The AiG report noted that an increase of 0.7 points from October indicates a somewhat slower rate of decline in the construction industry as a whole. Softer reduction was due to a less pronounced decline in new orders and deliveries from suppliers.
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