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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 o ....
Date Time Australian PCI: Construction expansion hit with high prices and capacity squeeze The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) fell by a further 2.8 points to 55.5 in June, trending lower after hitting a record high in March (readings above 50 indicate expansion in activity, with higher results indicating a faster expansion). Current activity in housing, engineering and commercial construction remained strong in June (trend), but the deceleration from recent highs confirms that growth rates are slowing. Ai Group Head of Policy, Peter Burn, said: “Australia’s construction industry continued its run of strong growth in June but the pace of expansion is slipping as it faces capacity constraints and rising input prices. Activity across house building, engineering construction and commercial construction rose in June while activity in the apartment sector slipped back after a brie ....
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) fell by 0.8 points to 58.3 in. ....
There are fears the boom fuelled by HomeBuilder and low rates is setting up Australian construction – a notoriously cyclical industry – for another bust. ....
High cost for stairs I read with concern in Hibiscus Matters, March 15 edition, that Auckland Council is to spend $490,000 repairing the stairs leading to the beach below Pacific Parade in Army Bay. It’s a pity that the Council didn’t get onto this earlier. Initially, it was a minor rockfall that came down on top of the stairs, breaking part of them. This could have been fixed without much fuss or expense, and the rest of the structure could have been saved. It has now deteriorated to a point that it’s a major problem to remedy. However, I accept that the stairs need to be reinstated, but am baffled to know how the figure of just under half a million dollars has been arrived at. It is intimated in the article that climate change is an increasing concern to such structures in coastal regions, and there’s no argument about that. However, a request to Council by several residents to have something done about the rabbit plague on the reserve front along the cliff-to ....