For the month of November, Australia's construction sector has recorded a definite fall with fewer new orders as well as slump in employment. The benchmark measurement, the Australian Industry Group - Housing Industry Association Performance of Construction Index, recorded a 3.3 points fall to 47.6, which is below the 50 points mark. A figure of above 50 shows positive growth.

Significant declines in both apartment building and engineering construction have been the main cause of the fall in construction market.

"The survey results reaffirm the fragile state of current conditions in the construction industry which has slipped back from the tentative signs of recovery seen during the previous two months. Encouragingly, the housing sector has continued to grow, although the rate of improvement appears to have slowed over the past two months due to a weakening in first home buyer activity. Recent interest rate rises are likely to further dampen growth over coming months", shared AiGroup's Director of Public Policy, Dr Peter Burn, while stressing that further declines are expected.

The November fall has come after two consecutive months of growth, once again proving that the economy is still unstable. Experts have been quick to stress that it is clear proof that the economy is still "fragile" and more declines could be recorded for the coming months.