The construction sector swung sharply from contraction in May to its highest level of growth in 10 months in June.
A month after the Reserve Bank cut the official interest rate to a fresh record low of 1.75 per cent, the Australian Industry Group's Performance of Construction Index (PCI) jumped 6.5 points to 53.2.
The result above 50 indicates that construction activity was once again expanding, and at the fastest pace in 10 months. Read more here
The Master Builders Association is refusing to meet with South Australia's construction union over a proposal which could see wages across the industry rise by up to 5 per cent.
The Construction, Forestry, Mining and Energy Union (CFMEU) wants to even out pay rates across 100 enterprise agreements in the state, which would result in a pay increase for about two-thirds of the agreements. Full article here