AUSTRALIAN PCI®: CONSTRUCTION BOUNCES BACK IN FEBRUARY (FED)

7 March 2017

AUSTRALIAN PCI®: CONSTRUCTION BOUNCES BACK IN FEBRUARY (FED)

Following four months of decline, the Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) lifted by 5.4 points to 53.1 in February. It was the highest Australian PCI® reading since mid-2016 (readings below 50 indicate contraction in activity, with the distance from 50 indicating the strength of the decrease).

Australian PCI Construction Bounces back in February