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Australian construction contracts fastest pace in year

Posted on 05 October 2012

Australia’s building industry shrank in September by the most in 12 months, led by a deepening downturn in residential and commercial construction, a private gauge showed.
The construction performance index fell to 30.9 last month from 32.2 in August, a survey by the Australian Industry Group and the Housing Industry Association released in Sydney today showed. A reading below 50 represents a contraction………………………………………..Full Article: Source


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