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Infrastructure project starts dip despite green shoots for construction newcivilengineer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newcivilengineer.com Daily Mail and Mail on Sunday newspapers.
Date Time Australian PCI: Construction boom interrupted by COVID lockdowns in July The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) fell by a further 6.8 points to 48.7 in July, recording the first fall into contraction since September 2020 (readings below 50 indicate contraction in activity, with lower results indicating a stronger pace of contraction). Sudden disruptions to activity on site and supplier deliveries were reported by builders across all segments of construction in Victoria and NSW, which were both in COVID-19 lockdowns during July, while other states remained mildly expansionary. Ai Group Head of Policy, Peter Burn, said: “With Australia’s two largest states affected by COVID-19 outbreaks and associated restrictions, the construction industry slipped into contraction in July after a robust nine-month expansion. The negative national result masked continued growth outside o ....
AUD/USD Weekly Forecast: Bears in control as fear returns fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
7/5/2021 9:37:49 PM GMT | By Anil Panchal AUD/USD attacks the upper end of nearby trading range. Virus woes get firmer with another virus strain, from California, marking resistance to vaccines. RBA is expected to review bond yield target, interest rate, Orr’s comments will be the key. US traders return after a long weekend, ISM Services PMI adds to the watcher’s list. AUD/USD seesaws around the week-start levels, teasing resistance of a 30-pips range, as traders brace for an important day carrying the Reserve Bank of Australia (RBA) monetary policy meeting. That said, the quote trades near 0.7530 amid early Tuesday morning in Asia, unchanged on a day mainly due to the off in US markets. ....
7/5/2021 7:32:02 PM GMT AUD/USD Current Price: 0.7533 RBA’s Governor Lowe is set to offer an unusual press conference after the decision. Australian data came in mixed but was overall encouraging. AUD/USD is technically neutral-to-bullish ahead of the event. The AUD/USD pair is hovering around 0.7530, unchanged from its previous daily close. Mixed Australian data released at the beginning of the day was mostly encouraging, as the AIG Performance of Construction Index printed at 55.5 in June, below the previous 58.3, while the Commonwealth Bank Services PMI improved to 56.8 in the same month, beating expectations. May Retail Sales were upwardly revised from 0.1% to 0.4%, while Building Permits fell by 7.1%, worse than anticipated. ....