June 2021 overview

Construction expansion hit with high prices and capacity squeeze

The Australian Industry Group and HIA Australian Performance of Construction Index (Australian PCI®) fell by a further 2.8 points to 55.5 points in June 2021 (seasonally adjusted). It is trending lower after hitting a record high in March 2021 (highest since this survey commenced in 2005). The Australian PCI® remained extremely elevated in June but the deceleration from recent highs confirms that growth rates are slowing. Results above 50 points indicate expansion in this survey, with higher results indicating a stronger pace of expansion.