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Australian construction index falls at slower pace on new orders

Posted on 07 November 2011

A gauge of Australian construction showed the building industry contracted at a slower pace last month on signs that new orders and hiring improved.
The construction performance index rose to 34.7 in October from 30 a month earlier, which was the weakest reading since February 2009, a survey by the Australian Industry Group and the Housing Industry Association released in Sydney today showed. The result was the 17th consecutive month under 50, the dividing line between expansion and contraction………………………………………..Full Article: Source


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