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Australian Ai Group Construction Index (Feb) -8.2 (Prev. 5.2)

Newsquawk Staff ·

Australian Ai Group Construction Index (Feb) -8.2 (Prev. 5.2)

What it means

The decline in the Australian Ai Group Construction Index to -8.2 from the previous 5.2 indicates a significant contraction in construction activity. This steep drop suggests weakening demand and could prompt concerns about economic growth, potentially influencing the RBA's monetary policy and impacting the AUD in forex markets.

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