Australia Construction PMI

Last Release

Feb 28, 2023

Actual

-5

Units In

Points

11.4

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
61.8 Mar 2021	-5 Feb 2023	46.08 Points	2005-2023	Australian Industry Group

In Australia, The Performance of Construction Index (PCI) is a composite indicator designed to provide an overall view of activity in the construction sector. The PCI is a composite index based on the diffusion indexes for the following five indicators: Sales, New Orders, Employment, Deliveries and Prices. A reading above 50 indicates an expansion of the construction sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.

Latest Updates

The Australian Industry Group Construction PMI increased to 48.2 in November of 2022 from 43.3 in October, but continued to point to contraction in activity across the construction sector for a sixth month, as demand side pressures, including rising interest rates and economic uncertainty, are dampening construction sales and new orders. Also, supply side constraints, especially a shortage of skilled trades, continue to inhibit activity, but there are signs of materials supply chain pressures easing. Meanwhile, the employment index rose into weak expansion as absenteeism eased. The selling prices indicator expanded at a slower rate compared to the previous two months. Input prices jumped up to 91.9 points, indicating the gap in growth between prices widened. Capacity utilisation rose slightly to 82.9% and remains elevated as it has been since the start of 2021.