none
none

CONSTRUCTION INDUSTRY CONTINUES TO BUILD

11-07-2016
by 
in 

The national construction industry returned to growth in June, seeing its highest rate of expansion in 10 months. The expansion was driven by growth in employment, new orders, and residential construction growth.

The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased 6.5 points to 53.2 (readings above 50 indicate expansion in activity, with the distance from 50 indicating the strength of the increase).

Ai Group Head of Policy, Peter Burn, said: “The construction sector hit a sweet spot in June with the bounce in the Australian PCI® driven by growth across all of the sub-sectors and with solid gains in activity, employment and new orders."

HIA Chief Economist, Harley Dale, said: “The results serve as a reminder that new residential construction remains the powerhouse of the domestic Australian economy."

"The latest Australian PCI® update highlights the importance of the construction industry to the Australian economy and the results are consistent with our outlook for both residential and non-residential construction activity,” Dr Dale said.

Related news & editorials

  1. ETA’s warehouse has extensive Bonfiglioli stock
    11.01.2018
    11.01.2018
    by      In
    Bonfiglioli’s partnership with its largest Australian distributor, Engineering Transmission Agencies (ETA), brings quality, reliability and performance to Queensland and Northern NSW customers in industries such as mining, manufacturing, bulk materials handling, food and beverage, water and waste.... Read More
  2. Australian flag
    11.01.2018
    11.01.2018
    by      In
    It’s official: Australia is an Innovation Champion. That is the view of the US Consumer Technology Association, which launched its inaugural International Innovation Scorecard at the Consumer Electronics Show in Las Vegas.
    The scorecard is a development from the association’s annual ranking of US... Read More
  3. 10.01.2018
    10.01.2018
    by      In
    Australian company CST Wastewater Solutions has put together an environmentally friendly and cost-efficient wastewater treatment system for smaller, remote and ecologically sensitive community, municipal, agribusiness and industrial applications throughout the Asia-Pacific region.
    The two-stage... Read More
  4. 10.01.2018
    10.01.2018
    by      In
    US-based utility-scale solar power specialist SolarReserve has received development approval for its Aurora Solar Energy Project in South Australia.
    The project is located on farmland 30km north of Port Augusta and is centred on a 150MW solar thermal power station with 1100MWh of molten salt energy... Read More