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7 Oct 2013
Australian construction index upbeat, another sign economy improving
FXstreet.com (Barcelona) - The Australian AiG Performance of Construction Index for September came in significantly improved at +47.6 vs +43.7 in August, an upbeat read which follows last week's improvements in both manufacturing and services PMI. Earlier on the session, we published an article highlighting early tentative signs of a stronger Australian economic recovery. Today's AiG construction data helps to reinforce that notion.