The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) registered 42.6 points (seasonally adjusted) in December. This was down by 1.9 points from November, indicating that the construction industry on aggregate fell more sharply in the final month of 2018 and at the steepest rate in 5½ years. December also marked the fourth consecutive month of contracting conditions in the Australian PCI® with overall falls in activity and new orders becoming more entrenched. All four sectors of the Australian PCI® contracted in December. Weighing heavily on overall ... (full story)