However, in July the rate of decline in construction activity has accelerated the Australian market .
What do you think? say
Construction activity index (PCI), which is calculated organizations AiGroup and HIA, fell to 39, 5 points. The growth of market activity can be say, when the index is at around 50 points higher, the agency ABC News. PCI includes information about the situation in the construction sector private homes, apartment buildings, office buildings and infrastructure. Note that the sub-index of construction of private residences in July rose for the first time in 18 months, to the level of 51, nine points. However, the sub-indices infrastructure sectors, apartment buildings and office space continued to decline, and quite rapidly. Experts AiGroup argue that in the coming months, the index PCI goes into growth. This is evidenced a large number of urgent orders for the construction of private houses, which is supported by low interest rates and grants to buyers first home. But experts warn that the growth of the Australian economy can move over an indefinite period in the event that will not happen recovery in the sectors of infrastructure construction, apartment buildings and office space.
News by topic:
Previous and next news :