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Home construction falls sharply in June
- July 9, 2010
- Posted by: admin
- Category: Finance News
No CommentsA dip in house building after almost a year of expansion has reaffirmed the RBA’s decision to keep the official cash rate on hold in July. According to the Australian Industry Group (AIG)/Housing Industry Association (HIA) Performance of Construction Index (Australian PCI), home building fell 6.8 points to 46.4. Readings below 50 indicate a contraction