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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.