The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index increased to 42.7 in July from 35.5 in the previous month. Activity (+10.5 points to 45.6) and new order (+10.7 points to 43.5) indices continued to improve, while employment also rose 1.0 point to 41.4. Meanwhile, the indices for apartment building dropped further in July, with respondents noting little prospect of a recovery in demand.
Construction Pmi in Australia averaged 45.73 points from 2005 until 2020, reaching an all time high of 60.50 points in July of 2017 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 August of 2020. source: Australian Industry Group
Construction Pmi in Australia is expected to be 38.00 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 41.00 in 12 months time. In the long-term, the Australia Construction PMI is projected to trend around 43.00 points in 2021 and 47.00 points in 2022, according to our econometric models.