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. 25.03.2019
    25.03.2019
    by      In
    Following the awarding of the contract to provide the Australian Government’s Short Range Ground Based Air Defence programme, Raytheon Australia is set to build its first Australian production facility in Adelaide.
    The air defence programme, dubbed LAND19 Phase 7B, will see Raytheon Australia and... Read More
  2. 22.03.2019
    22.03.2019
    by      In
    OMAX Corporation, a manufacturer of abrasive waterjet systems, plans to join forces with Hypertherm, a manufacturer of industrial cutting systems and software, following the signing of a definitive merger agreement that establishes OMAX as a wholly owned subsidiary of Hypertherm.
    When the agreement... Read More
  3. 22.03.2019
    22.03.2019
    by      In
    CSIRO research into the Melbourne to Brisbane Inland Rail project has found that shifting horticulture and processed agriculture, such as meat, rice and dairy products, from road to rail could reduce transport costs for the agricultural sector by an estimated $70 million per year.
    Last year,... Read More
  4. 22.03.2019
    22.03.2019
    by      In
    The executive board of German bearings manufacturer Schaeffler AG has made appointments based on decisions by the company’s supervisory board on 1st March 2019. The executive board will continue to consist of eight managing directors and the four regional CEOs, but the new appointees will make the... Read More