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Final Pci April Report

Final Pci April Report

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Published by Belinda Winkelman

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Published by: Belinda Winkelman on May 06, 2013
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10/25/2013

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 APRIL 2013
PERFORMANCE OF CONSTRUCTION INDEX 
®
  G  E  R  M  A  N  Y  C  O  N  S  T  R  U  C  T  I  O  N  I  N  D  E  X  *  A  U  S  T  R  A  L  I  A  N  P  C  I
     ®
  U  K  C  O  N  S  T  R  U  C  T  I  O  N  I  N  D  E  X  *  I  R  E  L  A  N  D  C  O  N  S  T  R  U  C  T  I  O  N  I  N  D  E  X  *
KEY FINDINGS
The national construction industry contracted urther in April.Sharper alls in activity, employment and deliveries rom suppliershighlighted the deterioration in overall industry conditions.
The seasonally adjusted Australian Industry Group/ Housing IndustryAssociation Australian Perormance o Construction Index (
AustralianPCI
®
) declined by 3.8 points in April to 35.2. This was the lowest indexreading (and thereore the steepest rate o decline) in seven months.
The index has now remained below the critical 50 points level (thatseparates expansion rom contraction) or 35 consecutive months.
By sector, house building activity contracted or a second consecutivemonth, urther unwinding the solid improvement recorded inFebruary. Engineering construction also ell urther into negativeterritory. In contrast, the rate o decline in commercial constructionactivity moderated slightly, although it remains the weakestperorming sector. The contraction in apartment building activitywas unchanged in the month.
Respondents largely attributed the poor state o the industry tosubdued demand conditions, citing the negative inluences o tightcredit conditions, a lack o public sector building activity and ashortage o new tender opportunities. Reports rom house buildersalso indicated a reduction in customer enquiries and weaker orderbooks in the month.
 CONSTRUCTION ACTIVITY AND CAPACITY 
In seasonally adjusted terms, the activity sub-index registered 34.7in April.
This was 4.3 points below the level in the previous month, indicatinga steeper rate o contraction in total industry activity.
Weak demand conditions drove declines in activity on a broadindustry ront.
The rate o capacity utilisation (not seasonally adjusted) dipped rom63.7% in March 2013 to 63.5%, the weakest reading over the pasteight months.
 ACTIVITY BY SECTOR
The house building activity sub-index declined by a marked 9.2 pointsto 37.8 in April, the second consecutive month o contracting activityater the marginal expansion in February.
Commercial construction continued to exhibit the most subduedactivity o the our broad sectors with a sub-index reading o 31.3.This was, however, up by 2.0 points on the previous month toindicate a slightly slower rate o decline in April.
The decline in engineering construction activity was morepronounced with the sector’s sub-index declining by 4.0 points inApril to 34.4.
Apartment building activity continued to contract sharply, althoughthe rate o decline in April was unchanged rom March with thesector’s sub-index steady at 34.2.
CONSTRUCTION SECTOR AT SEVENMONTHLOW IN APRIL
   A  p  r   1   1   M  a  y   1   1   J  u  n   1   1   J  u   l   1   1   A  u  g   1   1   S  e  p   1   1   O  c   t   1   1   N  o  v   1   1   D  e  c   1   1   J  a  n   1   2   F  e   b   1   2   M  a  r   1   2   A  p  r   1   2   M  a  y   1   2   J  u  n   1   2   J  u   l  y   1   2   A  u  g   1   2   S  e  p   1   2   O  c   t   1   2   N  o  v   1   2   D  e  c   1   2   J  a  n   1   3   F  e   b   1   3   M  a  r   1   3   A  p  r   1   3
253035404550556065
   D   i   f   f  u  s   i  o  n   I  n   d  e  x
   I  n  c  r  e  a  s   i  n  g   D  e  c  r  e  a  s   i  n  g
Australian PCI
®
3 month moving average
FEB
 
60555045403530
APRFEB
 
MAR
60555045403530
MARFEB
 
MAR
60555045403530
MARFEB
 
MAR
60555045403530
MAR
35.247.241.943.1
FEB
 
APRFEBFEBFEB
   A  p  r   1   1   M  a  y   1   1   J  u  n   1   1   J  u   l   1   1   A  u  g   1   1   S  e  p   1   1   O  c   t   1   1   N  o  v   1   1   D  e  c   1   1   J  a  n   1   2   F  e   b   1   2   M  a  r   1   2   A  p  r   1   2   M  a  y   1   2   J  u  n   1   2   J  u   l  y   1   2   A  u  g   1   2   S  e  p   1   2   O  c   t   1   2   N  o  v   1   2   D  e  c   1   2   J  a  n   1   3   F  e   b   1   3   M  a  r   1   3   A  p  r   1   3
20253035404550556065
   D   i   f   f  u  s   i  o  n   I  n   d  e  x
  C  a p a c i   t  y  U t i  l  i   s  a t i   on %  (   un a d  j   u s  t  e d  )  
5055606570758085
ActivityCapacity Utilisation
   A  p  r   1   1   M  a  y   1   1   J  u  n   1   1   J  u   l   1   1   A  u  g   1   1   S  e  p   1   1   O  c   t   1   1   N  o  v   1   1   D  e  c   1   1   J  a  n   1   2   F  e   b   1   2   M  a  r   1   2   A  p  r   1   2   M  a  y   1   2   J  u  n   1   2   J  u   l  y   1   2   A  u  g   1   2   S  e  p   1   2   O  c   t   1   2   N  o  v   1   2   D  e  c   1   2   J  a  n   1   3   F  e   b   1   3   M  a  r   1   3   A  p  r   1   3
2025303540455055606570
   D   i   f   f  u  s   i  o  n   I  n   d  e  x
HousesApartmentsCommercialEngineering
   I  n  c  r  e  a  s   i  n  g   D  e  c  r  e  a  s   i  n  g
www.markiteconomics.com
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