The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) dropped a further 2.2 points to 40.4 in May 2019 – a ninth consecutive month of contraction and its steepest rate of decline in six years (readings below 50 indicate contraction in activity, with the distance from 50 indicating the strength of […]

“Official figures for the first quarter of 2019 show that construction activity across Australia dropped by 1.9% compared with the end of 2018 – but there were signs of growth in some important areas,” Shane Garrett, Master Builders Australia’s Chief Economist said.

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