The AIG/HIA Australian Performance of Construction Index fell to 42.6 in September from 44.6 in the previous month. It was the thirteenth consecutive month of contraction, as overall industry activity dropped 3.7 points to 39.1, new orders decreased 1.1 points to 42.2 and supplier deliveries slumped 4.2 points to 44.3. In contrast, employment rose 0.4 points to 46.2. On the price front, input costs fell 4.2 points to 65.0 while output prices advanced 3.8 points to 41.0. By sector, apartment building contracted for a eighteenth straight month and at a steeper pace while both commercial and engineering construction declined in September. Construction Pmi in Australia averaged 46.25 Index Points from 2005 until 2019, reaching an all time high of 60.50 Index Points in July of 2017 and a record low of 29.24 Index Points in December of 2008.

Construction Pmi in Australia is expected to be 44.00 Index 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 49.30 in 12 months time. In the long-term, the Australia Construction PMI is projected to trend around 52.00 Index Points in 2020, according to our econometric models.

Australia Construction PMI
Forecast Data Chart
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Australia Housing Last Previous Highest Lowest Unit
Building Permits -1.10 -9.70 31.60 -21.90 percent [+]
New Home Sales 4548.00 4237.00 20768.00 4035.00 Units [+]
Housing Index -0.70 -3.00 6.10 -3.00 percent [+]
Home Loans 49792.00 48899.00 63242.00 17242.00 [+]
Home Ownership Rate 65.00 67.00 71.40 65.00 percent [+]
Construction Output -3.80 -2.20 17.90 -18.90 percent [+]
Construction Pmi 42.60 44.60 60.50 29.24 Index Points [+]

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 manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. 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 - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
42.60 44.60 60.50 29.24 2005 - 2019 Index Points Monthly

Country Last Previous
Australia 42.60 Sep/19
Euro Area 50.50 Sep/19
France 51.10 Sep/19
Germany 50.10 Sep/19
Italy 50.20 Sep/19
United Kingdom 43.30 Sep/19