Pete Wargent blogspot

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Tuesday, 8 September 2015

Construction expands in August (53.8)


Some good analysis from AIG here that is well worth a read - apartment construction is an obvious strong point, which makes the drag on second quarter GDP by dwelling construction something of a mystery.

Perhaps the residential construction industry is operating at or close to its full capacity.

In any case, I expect dwelling construction to contribute to the economic growth in the third quarter.


Source: AIG

All three of AIG's Performance Indices are now in expansion territory - manufacturing, construction and services. 


Source: AIG

Good to see.