According to The Australian Financial Review, construction activity expanded in July as commercial work grew at its fastest pace in 12 years and detached house building also sped up, the latest Performance of Construction Index showed on Monday.
"The long-awaited pick-up in commercial construction seen over the past three months is particularly welcome in light of the anticipated wind-down in apartment building from the very high recent levels and suggests that the national construction industry will continue to play a leading role in the economy for some time to come," Ai Group head of policy Peter Burn said.
The report, which also showed house-building activity rose by 3.4 points to a 3½-year-high of 62.4, is good news for construction, as it shows that the slowing housing construction sector is being offset by other areas of construction, notably commercial and engineering work.
Approvals of new dwellings fell 8.1 per cent to 219,219 in the year to June from a year earlier, official figures last week showed.
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