KEY FINDINGS • The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 5.6 points to 50.8 points in April. This indicated a slight expansion across the construction industry following four months of contracting conditions. • Australian PCI® data for April revealed a solid improvement in the activity sub-index which returned to expansion (i.e. above 50 points) for the first time in seven months. In addition, businesses lifted their workforce capacity, with employment recovering strongly after two months of decline. • New orders continued to ... (full story)