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.

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Australia Construction PMI

Actual Previous Highest Lowest Dates Unit Frequency
55.50 58.30 61.80 21.60 2005 - 2021 points Monthly
SA


News Stream
Australia Construction PMI Hits 7-Month Low
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.
2021-07-05
Australia Construction Activity Slows Further in May
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index declined to 58.3 in May of 2021 from 59.1 in April.
2021-06-02
Australia Construction Activity Slows in April
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index declined 2.7 points to 59.1 in April of 2021 from a record 61.8 in March. Still, all four components of activity expanded remarkably in April, with the activity index reaching a record peak of 62.8 points.
2021-05-04
Australia Construction PMI Hits Record High
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index jumped 4.4 points to a record high of 61.8 in March of 2021. The indexes for new orders, employment and supplier deliveries all hit record peaks while wages expanded at the fastest pace since the financial crisis. On the price front, input prices surged amid higher demand, supply constraints and rising freight costs for imported inputs.
2021-04-06

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 construction sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.