In the month of June it was pleasing to note that the national construction industry expanded for a fifth consecutive month. The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) fell slightly by 0.7 points to 56.0. Readings above 50 indicate expansion in activity, the greater the number above 50 indicating the strength of the increase.
Residential house builders will be delighted to know that across the four construction sub-sectors, house building rebounded strongly in June to 59.0 (up 13.4 points). However, activity in the more volatile apartment building sub-sector weakened significantly (down 20.2 points to 48.3). Reports from residential builders to the Australian PCI were generally positive in their assessment of house building activity, citing stronger new orders.
Master Builders Boost Australian Made
A new partnership between the Australian Made Campaign and Master Builders Australia aims to boost exports and the use of locally made products by the building and construction sectors.
An initiative by the Australian Made Campaign in partnership with Master Builders Australia will encourage building and construction firms to source Australian-made goods. Australian Made Campaign Chief Executive, Ian Harrison, stated that Australian-made often translated to better quality and durability adding “Australia’s extremely stringent quality and safety manufacturing standards have helped establish our reputation for well-made products, that last.”.
The majority of custom made and bespoke decorative mouldings made by the Finishing Touch for the local building trade are made here in Australia. Their high quality decorative mouldings carry a guarantee and sound reputation for lasting without cracking or warping.