Economics Resource Centre

Performance of Construction Index - December 2019

Australian PCI®
Down 1.1 points
(seasonally adjusted)

38.9

Australian PCI®
Down 0.8 points
(trend)

40.6
 

Next Release: 5 February 2020

December 2019 - OVERVIEW

PCI signals weakest construction performance since May 2013

The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) fell 1.1 points to 38.9 points (seasonally adjusted) in December. This indicated a sharper rate of decline for the construction industry in the final month of 2019 (results below 50 points indicate contraction, with lower numbers indicating a faster pace).

This was the lowest Australian PCI® result since May 2013. Deteriorating indexes for activity, new orders and deliveries from suppliers all indicated a further softening in business conditions across the construction industry.

Across the four sectors included in the Australian PCI®, stable conditions were reported in house building for a second consecutive month. Elsewhere however, continued falls in activity were evident in December across the apartments, commercial and engineering construction sectors.

 

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