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Australian PCI®
Down 0.6 points
(seasonally adjusted)

57.0

Australian PCI®
Up 1.7 points
(trend)

53.9

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Next Release: 3 February 2022

November 2021 overview

Construction recovery sustained in November

The Australian Industry Group and HIA Australian Performance of Construction Index (Australian PCI®) eased by 0.6 points to 57.0 points in November 2021 following a strong rebound in September (seasonally adjusted). The Australian PCI® remained elevated in November but decelerated mildly, indicating the pace of improvement recorded in October was broadly maintained, following the end of lockdowns and a return to more normal conditions. Results above 50 points indicate expansion, with higher results indicating a stronger pace of expansion.

Current activity in engineering and commercial construction remained strong in November (seasonally adjusted). The indexes for apartments and engineering activity decelerated but continued to be expansionary. Housing activity moved back into contraction following a mild improvement in October but remained elevated on the back of the Homebuilder pipeline and changes in consumer preferences.

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