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Australian construction maintains growth in April

Friday, May 05 2017
Australian construction maintains growth in April

There were no major data releases from Australia this morning. The national construction industry continued to expand in April, with the Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increasing by 0.7 points to 51.9 points (readings above 50 points indicate expansion).

This signalled industry-wide growth for a third consecutive month and at a slightly faster pace than in March. Australian PCI data for April revealed a welcome improvement in the new orders subindex which returned to growth (i.e. above 50 points) after falling to a five-month low in March. In addition, deliveries from suppliers lifted solidly, to register their strongest rate of increase in 2½ year.

Last modified on Friday, 05 May 2017
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