Australia’s construction sector went from bad to worse in late 2018. Activity levels weakened across the board last month while apartment construction basically collapsed. The Australian Industry Group’s (Ai Group) Performance of Construction Index (PCI) slumped to 42.6 points in December in seasonally adjusted terms, down 1.9 points on the level reported in November. The PCI measures perceived changes in activity levels across Australia’s construction sector from one month to the next. Anything above 50 signals that activity levels are improving while a reading below suggests they’re deteriorating. The distance away ... (full story)