The Ai Group Australian Performance of Construction Index rose to 41.3 in January 2020 from 38.9 in the previous month. The reading pointed to a softer contraction in the construction sectors, as activity and new orders shrank at a slower pace. On the other hand, employment and deliveries from suppliers contracted at sharper rates. Across the sectors, house building expanded mildly, following stability in the previous two months, while activity across apartments, commercial and engineering construction sectors continued to shrink. There were positive reports from residential builders indicating that home buyer demand is being supported by low interest rates and an easing in bank lending restrictions. Meanwhile, other building businesses noted ongoing caution among prospective home buyers due to the slow and uncertain domestic economy. Concerns were expressed about strong competition for the available work and about bushfire-related disruptions to activity.

Construction Pmi in Australia averaged 46.13 points from 2005 until 2020, reaching an all time high of 60.50 points in July of 2017 and a record low of 29.24 points in December of 2008. This page provides the latest reported value for - Australia Construction Pmi - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Australian Industry Group

Construction Pmi in Australia is expected to be 42.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Pmi in Australia to stand at 49.00 in 12 months time. In the long-term, the Australia Construction PMI is projected to trend around 52.00 points in 2021, according to our econometric models.


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Australia Construction PMI

Actual Previous Highest Lowest Dates Unit Frequency
41.30 38.90 60.50 29.24 2005 - 2020 points Monthly
SA


News Stream
Australia Construction Activity Shrinks Less in January
The Ai Group Australian Performance of Construction Index rose to 41.3 in January 2020 from 38.9 in the previous month. The reading pointed to a softer contraction in the construction sectors, as activity and new orders shrank at a slower pace. On the other hand, employment and deliveries from suppliers contracted at sharper rates. Across the sectors, house building expanded mildly, following stability in the previous two months, while activity across apartments, commercial and engineering construction sectors continued to shrink. There were positive reports from residential builders indicating that home buyer demand is being supported by low interest rates and an easing in bank lending restrictions. Meanwhile, other building businesses noted ongoing caution among prospective home buyers due to the slow and uncertain domestic economy. Concerns were expressed about strong competition for the available work and about bushfire-related disruptions to activity.
2020-02-04
Australia Construction PMI Falls to 6-1/2-Year Low
The Ai Group Australian Performance of Construction Index declined to 38.9 in December 2019 from 40 in the previous month, falling to the lowest level since May 2013 and adding weight to calls for fiscal stimulus. The activity index fell sharply again in December with its biggest monthly drop in 12 months (down 4.4 points to 36.5). Meanwhile, new orders declined 0.6 points to 36.9. Of the four construction sectors, house building was the best performing sector with activity showing stability for a second month (up 0.8 points to 50.8). In contrast, apartment building remained deep in negative territory (up 0.9 points to 37.4). "There is now a clear danger of a self-reinforcing downturn across significant parts of the domestic economy," Ai Group Head of Policy, Peter Burn, said.
2020-01-07
Australia Construction Activity Falls to 4-Month Low
The AIG/HIA Australian Performance of Construction Index declined to 40.0 in November 2019 from 43.9 in the previous month. The latest reading pointed to the fifteenth consecutive month of contraction in construction activity and the steepest since July, as new orders and employment fell further while supplier deliveries rose. Among major project sectors, engineering construction work dropped for the sixth straight month and at the sharpest pace in over a decade, and commercial construction continued to decline. On the price front, input prices advanced boosted by energy costs and supplier price rises; while output cost decreased at a slightly steeper rate.
2019-12-05
Australia Construction PMI Remains in Contraction
The AIG/HIA Australian Performance of Construction Index climbed to 43.9 in October 2019 from 42.6 in the previous month. It marked the fourteenth consecutive month of contraction, as engineering construction work fell at its sharpest rate in six years. "Respondents again reported soft demand conditions due to a shortfall of new contracts to replace completed infrastructure projects," said AiG.
2019-11-06

Australia Construction PMI
In Australia, The Performance of Construction Index (PCI) is a composite indicator designed to provide an overall view of activity in the construction sector. The PCI is a composite index based on the diffusion indexes for the following five indicators: Sales, New Orders, Employment, Deliveries and Prices. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.