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.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Australia Construction PMI

Related Last Previous Unit Reference
Construction PMI 47.90 45.30 points Aug 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
47.90 45.30 61.80 21.60 2005 - 2022 points Monthly

News Stream
Australia Construction Sector Shrinks for 2nd Month
The Australia AiG Construction PMI fell to 45.3 in July of 2022 from 46.2 in the previous month. The reading pointed to the second consecutive month of downturn in the country's construction activity and at the steepest pace since August of 2021.
Australia Construction Shrinks for 1st Time in 5 Months
The Australia Ai Group Construction PMI fell to 46.2 in June of 2022 from 50.9 in May, pointing to the first drop in five months with activity shrinking substantially in housing, apartments and commercial construction. New orders contracted following a rise in May, reflecting the impact of rising interest rates, higher costs and delays. Meantime, employment growth slowed further since the recent series high in March. Meantime, deliveries deteriorated further, amid delivery delays and supplier stock shortages. Meantime, capacity utilization eased despite the figure staying high in over a year. On prices, input cost eased slightly but remained elevated, while output cost rose for the 20th straight month despite below the recent peak of November 2021.
Australia Construction PMI Eases to Four-Month Low
The Australia AiG Construction PMI went down to 50.4 in May of 2022 from 55.9 in the previous month. The reading pointed to the slowest growth in factory activity since a contraction in January.