The Australian Industry Group and HIA Australian Performance of Construction Index (Australian PCI®) contracted by a further 10.3 points to 38.4 points in August 2021, indicating contraction in activity across the construction sector (results below 50 points, seasonally adjusted). Results above 50 points indicate expansion in this survey, with higher results indicating a stronger pace of expansion. This was the second consecutive month of contraction, following a significant decline in July 2021, and the lowest monthly result since August 2020.