Buz Investors Australia Construction Pmi The AIG/Housing Industry Association Performance of Construction Index in Australia increased to 53.1 in February of 2017 from 47.7 in the previous month. The indicator pointed to the strongest expansion in a construction activity since June of 2016 after 4 consecutive months in contraction.
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Australia Construction Pmi
The biggest positive contributions came from engineering construction (+11.1 to 53.9) and house building (+10.7 to 60.9). New orders increased by 3.6 to 51.2, after contracting over the previous two months. Employment rose 6.2 to 53.5 and deliveries increased by 2.9 to 52.7. Survey respondents attributed February’s pick-up to an improvement in demand conditions, citing stronger new orders and an increase in new tendering opportunities. Construction Pmi in Australia averaged 45.42 Index Points from 2005 until 2017, reaching an all time high of 59.10 Index Points in September of 2014 and a record low of 29.24 Index Points in December of 2008. 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 manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides the latest reported value for – Australia Construction Pmi – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Source: Australia Construction Pmi | 2005-2017 | Data | Chart | Calendar | Forecast
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