Activity dropped into negative space after three months of expansion, with non-residential activity seeing a 26-point fall into negative territory
The total activity index fell into negative territory in August following three consecutive months of expansion, falling 13 points to 47. R&M activity also lost some ground but managed to remain in expansionary territory at 54.
The residential index lost five points but remained above the no-growth bound at 52, while the non-residential activity index saw a 26-point fall into negative territory to 38. The civils sector, in contrast, stood well above the no-growth bound after its activity index added 18 points to 75.
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