Australia AiG Performance of Construction Index down to 47 in April from previous 50.1

FXStreet.com (Barcelona)

May 7, 2015

Australian sales report a disappointing one - Westpac

According to Matthew Hassan, Senior Economist at Westpac, overall, Wednesday´s Australian retail sales report was a disappointing one.

Australia: Contraction in construction conditions in April

Australia´s AiG construction PMI index for April came at 47.0 vs 50.1, with AiG noting that the reading indicates an overall contraction in industry conditions following signs of a mild recovery in March.