The Australia AiG Construction PMI dropped to 55.5 in June 2021 from 58.3 in the prior month, pointing to the lowest reading since November 2020, reflecting the latest COVID-19 lockdown in Victoria. House building activity and engineering construction slowed while apartment construction moved into mild contraction. Meanwhile, employment grew at a softer rate (58.3 vs 64.4 in May), amid reports of skill shortages across construction occupations and locations. At the same time, supplier deliveries were stable, with this index close to neutral at 50.9. New orders, meantime, accelerated (56.1 vs 55.2), as more orders being added to the existing pipeline of future work. On the price front, inflationary pressures persisted, with the indices for both input cost (98.3 vs 95.8) and selling prices (85.2 vs 78.2) hitting new highs. source: Australian Industry Group
Construction PMI in Australia averaged 46.23 points from 2005 until 2021, reaching an all time high of 61.80 points in March of 2021 and a record low of 21.60 points in April of 2020. 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. Australia Construction PMI - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Construction PMI in Australia is expected to be 58.00 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 52.00 in 12 months time. In the long-term, the Australia Construction PMI is projected to trend around 50.00 points in 2022 and 47.00 points in 2023, according to our econometric models.