The Australia AiG Construction PMI rose to 47.9 in August of 2022 from 45.3 in July. While marking the third straight month of drop in construction activity, the latest print was the softest in the sequence with the gauge for new orders rising 7.9 points to 51.0 while employment dropped 5.3 points to 47.7. Meantime, the fall in supplier deliveries eased, rising by 3.4 points to 45.6 points as some respondents noted an easing in supplies compared to prior months. The capacity utilization index went up slightly to 82.6% and remains elevated as it has been since the start of 2021. On inflation, both input cost and selling prices increased at softer paces after reaching a series peak in June. source: Australian Industry Group
Construction PMI in Australia averaged 46.50 points from 2005 until 2022, 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 September of 2022.
Construction PMI in Australia is expected to be 45.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Construction PMI is projected to trend around 50.00 points in 2023 and 47.00 points in 2024, according to our econometric models.