TheNews

The construction sector in Australia fell into contraction in November, the latest survey from the Australian Industry Group and the Housing Industry Association revealed on Friday, with a PMI score of 45.4.



That's down sharply from 53.4 in October, and it slides well below the boom-or-bust line of 50 that separates expansion from contraction.

The decline was punctuated by a fall in activity (down 6.7 points to 47.4) and new orders (down 8.5 points to 44.0) across all four construction industry sub-sectors in November.

This contributed to a sharp fall in construction employment (down 8.5 points to 42.0) and deliveries from suppliers (down 8.9 points to 50.1).


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