“Building approvals in November (2019) reached their highest level since March 2019, up by 11.8 per cent due predominantly to a surge in approvals in New South Wales,” stated HIA Economist Tom Devitt.
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) fell 1.1 points to 38.9 in December, 2019 with deteriorating indices for activity, new orders and supplier deliveries contributing to the lowest Australian PCI® result in six and a half years (readings…