The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI) fell slightly by 0.9 points to 45.3 in July, indicating contraction in activity across the construction sector for a second month (readings below 50 indicate contraction in activity, with lower results indicating a stronger rate of contraction). This follows four months of positive or stable conditions. "Construction activity in Australia contracted further in July following the more moderate contraction in June. Across the industry, commercial construction, house building and engineering ... (full story)