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.
Participate in the survey
Each survey takes no more than one minute to complete and provides you with access to last month's report.
Click here to participate