Construction sector activity has expanded at its fastest pace in more than 2 and a half years according to the Ai Group and Housing Industry Association in their Performance of Construction Index, this was mostly due to an upturn in apartment construction and engineering construction.
The index rose 4.8 points to 5.6 points in May, which was the fourth consecutive increase. Any increase above 50 points indicates the industry is expanding.
The only bad news was in the housing construction sector, where activity weakened into contraction for the first time in 5 months.
Understandably construction activity impacted positively on employment.