Australia AIG performance of construction index rises 10.6 points to 35.5 in June.
AUD/USD is unchanged on the data, travelling sideways into holiday thin market conditions.
At the time of wiring, AUD/USD is flat on the session at 0.6924.
More to come…
Description of the HIA/AiG Performance of Construction Index
Based on 120 interviews to companies, the HIA/AiG Performance of Construction Index, released by the Australian Industry Group and the Housing Industry Association, is considered as an indicator that measures the conditions on the short and medium term in the construction market. Companies answer questions related to production, employment, prices supplier deliveries, inventories and new orders. A high reading is seen as positive, or bullish for the AUD, while a low reading is seen as negative, or bearish.
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