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The Australian Industry Group (AiG) released its construction data for Australia on late Thursday evening. The Ai Group/HIA Australian Performance of Construction Index fell to 46.3 in January from 46.8 in December. Analysts had expected the index to remain unchanged at 46.8.
A reading above 50 indicates expansion in the sector, a reading below 50 indicates contraction.
The decline was mainly driven by weak activity in the commercial construction sector.
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