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Victoria COVID: Builders rush to contain surging infections on construction sites

Victoria COVID: Builders rush to contain surging infections on construction sites
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Australia Retail Sales Data Due On Friday

Australia Retail Sales Data Due On Friday
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Australian PCI: Construction boom interrupted by COVID lockdowns in July

Date Time Australian PCI: Construction boom interrupted by COVID lockdowns in July The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) fell by a further 6.8 points to 48.7 in July, recording the first fall into contraction since September 2020 (readings below 50 indicate contraction in activity, with lower results indicating a stronger pace of contraction). Sudden disruptions to activity on site and supplier deliveries were reported by builders across all segments of construction in Victoria and NSW, which were both in COVID-19 lockdowns during July, while other states remained mildly expansionary. Ai Group Head of Policy, Peter Burn, said: “With Australia’s two largest states affected by COVID-19 outbreaks and associated restrictions, the construction industry slipped into contraction in July after a robust nine-month expansion. The negative national result masked continued growth outside of NSW and Victo

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