KEY FINDINGS ▪ The seasonally adjusted Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 4.3 points to 57.5 points in November. This signalled a tenth consecutive month of industry expansion and the highest pace of overall growth in four months (readings above 50.0 points indicate expansion with higher numbers indicating a faster pace of expansion). ▪ The industry’s buoyancy reflected on-going strength in engineering construction and house building activity combined with resurgent conditions in the commercial construction sector. ▪ ... (full story)