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« on: December 16, 2013, 06:15:17 am »
Aussie housing construction expands again
The Australian Industry Group/Housing Industry Association's performance of construction index (PCI) rose by 0.8 points in November to 55,moncler online shop.2.
The reading for October rose above the key 50 level,moncler kids outlet, showing expansion for the first time in more than three years.
In November, new orders ran at the strongest pace in eight years while deliveries from suppliers also improved,moncler salzburg, taking the PCI reading to the strongest point since April 2010.
Ai Group public policy director Peter Burn says the rise in construction activity last month shows low interest rates are slowly working.
"The long awaited re balancing of the domestic economy may be getting underway on the back of low interest rates and a lift in business and household confidence,http://www.adonim.de/lebens.php?id=22," he said in a statement on Friday.
"However,moncler mantel, given the extent of the slump in residential and commercial construction over more than three years,moncler unger, the expansions recorded in October and November are from a low base and we are still some months from a convincing recovery."
HIA chief economist Harley Dale said tight credit conditions were an "avoidable roadblock" to a construction led recovery in the economy,www.adonim.de/lebens.php?id=54.
"To sustain that recovery and return new home building to strong levels requires closer attention to policy reform than is currently evident,größentabelle moncler," he said.
House and apartment building moderated in November, from October's high levels,http://www.adonim.de/lebens.php?id=39, but remained in the expansionary territory,.de/lebens, along with engineering and commercial construction.
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