The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) improved by 7.3 points to 45.2 in September, indicating a slower pace of contraction compared to August (readings below 50 points indicate contraction in activity, with lower results indicating a faster rate of contraction).
Across the states, the Australian PCI® indicates that construction activity is resuming at very different speeds, following the COVID-19 disruptions in Q2. Conditions improved in September in all states except Victoria, where PCI results sank to extremely low levels similar to April and May’s record lows.
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