Economic Buzz: Construction Sector In Australia Continues To Expand

The construction sector in Australia continued to expand in May, albeit at a slower pace, the latest survey from the Australian Industry Group (AIG) showed on Thursday with a Performance of Construction Index score of 54.0. Thats was down from 55.4, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Individually, construction for houses, commercial, engineering and overall activity were in expansion, while construction for apartments remained in contraction. New Orders, employment, deliveries, input prices, selling prices, wages and capacity utilization all expanded in May.