The Magazine of the Royal Institution of Chartered Surveyors

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Aus construction grows, but expansion slows

Brendon Hooper | 08.03.10
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Construction activity in Australia grew in February, but the rate of expansion slowed

The Performance of Construction Index by the Australian Industry Group and the Housing Industry Association fell 4.9 points to 52.8 last month. This was still above the key 50 point level separating expansion from contraction.

“While activity contracted in the volatile apartment sector, the engineering, commercial and house building sectors all reported another month of growth,” said Peter Burn group director of public policy at the Australian Industry Group.

“The house building sector in particular, experienced solid conditions, in line with official data showing a continued increase in approvals for detached houses.

“The survey points to housing activity holding up over coming months, with firms reporting a further improvement in their order books and the emerging signs of an increase in investor activity.”



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