The AIG/HIA Australian Performance of Construction Index increased to 45.6 in March 2019 from 43.8 in the previous month. The reading pointed to the seventh consecutive contraction in construction activity, still the weakest since October, as new orders shrank at a softer pace. Also, the job creation rate and supplier deliveries were almost unchanged. On the price front, input price inflation moderated and output cost fell at a slower pace. Across construction sectors, apartment building was the weakest performing area of activity, contracting for the twelfth straight month. Construction Pmi in Australia averaged 46.41 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 45.00 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 53.00 in 12 months time. In the long-term, the Australia Construction PMI is projected to trend around 50.00 Index Points in 2020, according to our econometric models.

Australia Construction PMI
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Australia Housing Last Previous Highest Lowest Unit
Building Permits 19.10 2.30 31.80 -21.90 percent [+]
New Home Sales 4583.00 4538.00 20768.00 4538.00 Units [+]
Housing Index -2.40 -1.50 6.10 -2.40 percent [+]
Home Ownership Rate 65.00 67.00 71.40 65.00 percent [+]
Construction Output -3.10 -3.60 17.60 -18.90 percent [+]
Construction Pmi 45.60 43.80 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
45.60 43.80 60.50 29.24 2005 - 2019 Index Points Monthly

Country Last Previous
Australia 45.60 Mar/19
Euro Area 52.20 Mar/19
France 49.00 Mar/19
Germany 55.60 Mar/19
Italy 51.20 Mar/19
United Kingdom 49.70 Mar/19