Construction Pmi in Australia increased to 56.70 Index Points in May from 51.90 Index Points in April of 2017. Construction Pmi in Australia averaged 45.59 Index Points from 2005 until 2017, reaching an all time high of 59.10 Index Points in September of 2014 and a record low of 29.24 Index Points in December of 2008. In Australia, The Performance of Construction Index (PCI) is a composite indicator designed to provide an overall view of activity in the construction sector. The PCI is a composite index based on the diffusion indexes for the following five indicators: Sales, New Orders, Employment, Deliveries and Prices. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides the latest reported value for – Australia Construction Pmi – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
June 07, 2017 at 05:00AM
from Australian Industry Group
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