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Australian construction industry set to expand for a ninth consecutive month

13 Nov 2017

According to the Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (PCI), the Australian construction sector continues to expand at a fast rate. 

 

The positive run continued for the construction sector in October on the back of further growth in the house-building and engineering construction sub-sectors and despite flat commercial construction and another month of contraction in the apartment sub-sector.


Construction industry employment also expanded and a lift in new orders points to further overall growth in the months ahead.

 

Across the four construction sub-sectors, engineering construction was again the strongest performer, recording a 10-year high (up 4.0 points to 60.9) on the back of rising non-mining infrastructure work. House building also recorded continued growth (down 3.5 points to 53.1).

 

Commercial construction activity remained stable in October (down 0.2 points to 50.1), while apartment building stayed in negative territory, but at a slower rate (up 5.4 points to 46.8).

 

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