Despite improving signs in housing, the slowdown in the building and construction industry continues in Australia, with the latest report showing the sector registered its 39th straight month of decline in August.

According to the latest report from Australian Industry Group and Housing Industry Association, the Australian Performance of Construction Index (Australian PCI®) edged back 0.4 points last month to come in at 43.7. The index, a widely regarded measure of overall conditions within the construction sector, has now been below the…