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MNI: Australia Construction Expands for 13 Straight Months 

By Sophia Rodrigues
     SYDNEY (MNI) - Australia's construction industry expanded for the
thirteenth straight month, led by a strong rise in new orders in the
house-building sector and continued growth in other sub-sectors.
     Data published by the Australian Industry Group/Housing Industry
Association Wednesday showed the performance of construction index rose by 1.7
points to 56.0 mainly due to rise in supplier deliveries, employment and new
orders.
     New orders rose strongly for house-building, up 9.6 to 60.9 points,
indicating housing construction is likely to remain relatively firm in 2018
supported by record low interest rates, strong population growth and stronger
jobs growth.
     From AI Group/Housing Industry Association Performance of Construction
Index (Australian PCI) for February published Wednesday.
                          February  Change from Previous Month
--------------------------------------------------------------
Australian PCI                56.0                        +1.7
Activity - Overall            56.8                        +2.3
Activity - Houses             61.8                        +9.8
Activity - Apartments         56.9                        +6.2
Activity - Commercial         57.8                        -1.1
Activity - Engineering        54.5                        +1.0
New Orders                    51.9                        +0.1
Employment                    58.8                        +0.8
Deliveries                    58.3                        +5.3
Input Prices                  77.0                        +2.6
Wages                         64.1                        -0.2
Selling Prices                52.7                        -6.2
Capacity Utilization (%)      79.1                        -4.3
--MNI Sydney Bureau; tel: +61 2-9716-5467; email: sophia.rodrigues@marketnews.com
[TOPICS: MTABLE,MALDS$,M$A$$$,M$L$$$,MT$$$$]
Data StoriesImpactDataPolicy NewsBellAPACChinaJapanAustraliaNew ZealandRegion
Data StoriesImpactDataPolicy NewsBellAPACChinaJapanAustraliaNew ZealandRegion
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