-
Construction downturn eases in January 2020 as house building activity improves
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 2.4 points to 41.3 points in January (seasonally adjusted), indicating that the construction industry declined at a slightly slower pace at the start of 2020. Results under 50 points in the Australian PCI® indicate deteriorating conditions, with lower results indicating a faster pace of decline. The milder decline in the Australian PCI® in January reflected less pronounced reductions in activity and new orders. However, both employment and deliveries from suppliers contracted at ... (full story)