The Performance of Construction Index has fallen by 11.1 points over the holiday period, with COVID-19 and supply chain disruptions wreaking havoc.
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Australian PCI shows slow and steady growth
Construction growth has been maintained in May, albeit at a slower rate, according to the Australia Performance of Construction Index (PCI) compiled by the Ai Group and HIA.
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Adbri cautious about post-pandemic construction recovery
Adbri chief executive Nick Miller has shown mixed emotions on the future of the construction industry, as a budget boosted near-term barrels towards the migration bans of COVID-19.
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Building approvals continue COVID recovery
The latest building approval figures from the Australian Bureau of Statistics (ABS) have shown that the nation's total approvals have increased by 38 per cent between June and November 2020.
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Australian PCI fortifies positive conditions in November
The Australian PCI has continued its road to recovery with the second consecutive month of improved conditions for the construction sector.
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Australian PCI returns to growth territory
According to the joint AiG/HIA Australian Performance Construction Index, the Australian construction industry has enjoyed its best monthly outcome for the first time since 2018.
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Building approvals bounce back: ABS
The Australian Bureau of Statistics (ABS) building approvals in September are within an arm’s reach of pre pandemic levels.
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Western Australia, Queensland to see highest dwelling demand in 2021
BIS Oxford economist for building and construction Maree Kilroy has told Quarry that dwelling demand would see the largest increase to demand in Queensland and Western Australia due to the HomeBuilder Program.
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Adbri retains strong tendering pipeline, expects infrastructure spending to drive demand
Adbri is expecting the 2020 Federal Budget to improve demand for its product due to increased infrastructure spending.
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Construction index makes scant recovery but still in the red
The Australian Industry Group’s (Ai Group) Performance of Construction Index (Australian PCI) has revealed the nation’s construction industry continued to wear thin in May after bearing more damage from COVID-19.
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