The Ai Group and Housing Industry Association Performance of Construction Index (PCI) indicates a rise in construction activity by 4.8 points to 56.7 points in May. This was the fourth consecutive month that we experienced a rise in activity, with any reading above the 50 point level indicating expansion.
While housing construction is slowing, engineering construction has expanded to a nine and a half year high.
In May, we experienced very high building approvals numbers, with the apartment construction boom still underway.
According to the Ai Group, the activity and new orders sub-indexes have also contributed to an upturn in employment, excellent news for anyone looking to enter this exciting and challenging industry. Start by completing a general construction induction course online here – it is mandatory for anyone in the building industry.
