In October, Australia’s exports of goods and services rose 5% mom to AUD 35.72B. Imports of goods and services rose 1% mom to AUD 28.26B. Trade surplus came in at AUD 7.46B, above expectation of AUD 5.83B.
AiG Performance of Construction Index rose 2.6 pts to 55.3 in November, a second consecutive month of positive conditions, and the strongest monthly result since April 2018.
Group Head of Policy, Peter Burn, said: “The Australian construction sector grew more strongly in November with both activity and employment decisively stronger in the month. House building was the cornerstone of the lift in performance with support from commercial and engineering construction. Apartment building remains in the contractionary state it has been in for more than two years and, with question marks over population growth and falling new orders, this sector is the major dampener on the otherwise encouraging outlook for the broader construction sector.
