Wed, Aug 27, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Construction, Performance more

Australian Construction index dives

Posted on 08 October 2008

From The Age: A record low reading in a monthly construction index points to the way the September slump on global finance markets has “boiled over” into the economy of bricks and mortar.

The Australian Performance of Construction Index has registered the most subdued conditions since it began three years ago. Construction activity fell 11.3 points in September to 31.8, well below the 50-point mark that divides expansion from contraction. The index, based on a survey of 120 Australian construction companies, found that apartment and commercial building suffered the biggest drop. New orders for all buildings plummeted and companies cut staff at the highest rate over the three-year history of the survey….. Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

August 2014
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
25262728293031