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2017.08.0620:15:00UTC+00Australia Construction Sector Surges In July - AiG

The construction sector in Australia continued to expand in July, and at an accelerated rate, the latest survey from the Australian Industry Group said on Monday with a record Performance of Construction Score of 60.5.

That's up sharply from 56.0 in June, and it moves farther above the boom-or-bust line of 50 that separates expansion from contraction.

It's also the highest reading on record since the series began in 2005.

Individually, the rate of expansion in commercial construction moved to a 12-year high, while house building recorded its fastest pace of growth in 31/2 years.

More robust conditions were also evident in engineering construction and apartment building activity.

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