The building and construction sector in Australia continued to broaden strongly in February, and at the fastest speed in three months, the most recent study from the Australian Industry Group showed on Wednesday.
The Performance of Building Index reached 56.0 in February from 54.3 in January. Any reading above 50 indicates growth in the sector.
The overall growth in February was driven by continued increases in both activity and new orders.
“Australia’s building and construction industry enjoyed a strong February with expansion of activity levels reported by each of its 4 sub-sectors,” Ai Group Head of Policy, Peter Burn, said.
“Home building led development while engineering building, commercial construction and apartment building all made important contributions.”
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