5 May 2017
Australian PCI®: Construction Maintains Growth in April (FED)
The national construction industry continued to expand in April, with the Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increasing by 0.7 points to 51.9 (readings above 50 indicate expansion in activity, with the distance from 50 indicating the strength of the increase). This signalled industry-wide growth for a third consecutive month. Ai Group Head of Policy, Peter Burn, said: “April saw a modest lift and more balanced performance for the Australian construction sector. In contrast to the previous month when house building was the only improving sub-sector, in April further though less spectacular growth in stand-alone residential dwellings was backed by a steep bounce in apartment building and a rebound in engineering construction.