This is the Australian Industry Group Performance of Construction index
This for September, down a little from August and well under July's record high at 60.5
Key points from the report:
four sub-sectors
- engineering construction activity expanded strongly (linked to the roll-out of various big-ticket transport infrastructure projects, particularly on the eastern seaboard)
- Continued strength was also evident in the house building sector, although its growth moderated from the 4½ year - high pace reached in July
- stabilisation in commercial construction activity in August
- apartment building returned to negative territory after a mild upturn in July
For the construction industry as a whole
- activity and new orders continued to expand at relatively high rates in August despite easing in comparison with July
- The sustained growth in aggregate industry demand led to the strongest expansion in deliveries from suppliers in almost three years
House building respondents commented on a continuation of relatively firm demand conditions with support from a solid pipeline of projects. New land releases were also having a positive influence on activity for some businesses. However, apartment builders pointed to slower activity in the month due to softer new orders, lower enquiries and some easing in investor activity.
-
Earlier this week (and month) we had all the other Australian PMIs for September ... there are a lot of them!
