The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The Ai Group Australian Performance of Construction Index (PCI) is a leading indicator of the health of the Australian construction sector. It provides a monthly snapshot of business conditions, including activity, new orders, employment, and supplier deliveries. A reading above 50 indicates expansion in the sector, while a reading below 50 indicates contraction. It is highly regarded for its ability to predict future trends in the broader Australian economy.
The index is based on a survey of approximately 200 companies in the construction industry. It uses a diffusion index calculation where respondents report whether conditions have improved, deteriorated, or remained constant.