The Australian Industry Group and HIA Australian Performance of Construction Index (Australian PCI®) fell by 0.8 points to 58.3 points in May 2021 (seasonally adjusted) after hitting a record high in March 2021 (highest since this survey commenced in 2005). The Australian PCI® continues to indicate rapid growth in Q2 of 2021, albeit at slightly slower pace than in Q1. Results above 50 points indicate expansion, with higher results indicating a stronger pace of expansion.