Economic Buzz: Australia AiG Construction Growth Eases In April

Australia construction sector continued to expand strongly in April, though the rate of growth eased since March, the latest survey from the Australian Industry Group showed on Monday. The Performance of Construction Index dropped to 55.4 in April from 57.2 in March. However, any reading above 50 indicates expansion in the sector. Commercial construction was again the strongest performing sub-sector in April, with its rate of growth only mildly slower than Marchs twelve-and-a-half year high.