{"id":6570,"date":"2019-11-07T11:18:37","date_gmt":"2019-11-07T00:18:37","guid":{"rendered":"https:\/\/www.abundancepropertygroup.com.au\/?p=6570"},"modified":"2019-11-07T11:18:37","modified_gmt":"2019-11-07T00:18:37","slug":"07-november-2019-daily-top-story-sharp-dive-in-engineering-building-pci","status":"publish","type":"post","link":"http:\/\/www.abundancepropertygroup.com.au\/zh-hans\/2019\/11\/07\/07-november-2019-daily-top-story-sharp-dive-in-engineering-building-pci\/","title":{"rendered":"07 November 2019 | Daily Top Story: Sharp dive in engineering building: PCI"},"content":{"rendered":"<div class=\"col-md-9\">\n<div class=\"gallery-container relative\" data-featured=\"image\">\n<div id=\"\" class=\"article-gallery owl-gallery-image  default\" data-slider-id=\"1\" data-default=\"1\">\n<figure class=\"article-gallery__image article-gallery__image-article\" data-hash=\"1\">\n<div class=\"article-gallery__img-container article-gallery__img-container-article\"><picture><img class=\"article-gallery__img\" src=\"https:\/\/d3pbdxdl8c65wb.cloudfront.net\/cloudinary\/2019\/Nov\/06\/JKl7aRSGrvQqus1WBsDu.jpg\" \/><\/picture><\/div><figcaption>\n<p class=\"article-featured-image__caption\">Residential buildings in Brisbane &#8211; AAP<\/p>\n<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"col-md-9 u-margin-top-40 u-mobile-margin-top-20\">\n<div id=\"articleContent\" class=\"article_content shepparton\">\n<p>Engineering construction work fell at its sharpest rate in six years in October, according to an industry survey that also recorded continued contraction in house and apartment building activity.<\/p>\n<p>The Australian Industry Group\/Housing Industry Association Performance of Construction Index (PCI) report released on Thursday said activity rose 1.3 points on the previous month to 43.9 &#8211; a gain that leaves the measure below the 50-point mark separating expansion and contraction.<\/p>\n<div id=\"pianoArticleContentLockable\">\n<p>&#8220;Respondents again reported soft demand conditions due to a shortfall of new contracts to replace completed infrastructure projects,&#8221; the AiG summary of the monthly report said on the decline in engineering activity, which includes government-funded work on roads, bridges and utility supply systems.<\/p>\n<p>&#8220;This appears to be related to slow progress on planned projects and lags between the design and development of projects and their transition through to construction.&#8221;<\/p>\n<p>AiG policy head Peter Burn said many engineering construction businesses were concerned about the lull in infrastructure work.<\/p>\n<p>&#8220;This highlights the need to shore up decision-making on infrastructure projects to help inject additional stimulus across the wider construction industry,&#8221; he said.<\/p>\n<p>The PCI also registered a 15th consecutive month of shrinking house building activity but Dr Burn said it was positive that the sector&#8217;s trend reading for October &#8211; up 1.8 points to 48.2 &#8211; indicated that the pace of declines was easing.<\/p>\n<p>The survey of businesses in the construction industry suggested apartment building activity contracted for the 19th month in a row, with the PCI sub-index reading unchanged at 34.7 points.<\/p>\n<p>&#8220;It will be some time before the residential building sector is once again expanding; in the meantime low interest rates will provide support,&#8221; HIA economist Geordan Murray said.<\/p>\n<\/div>\n<p>Source:\u00a0https:\/\/www.sheppnews.com.au\/finance\/2019\/11\/07\/899263\/sharp-dive-in-engineering-building-pci<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Residential buildings in Brisbane &#8211; AAP Engineeri [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6568,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false},"categories":[30],"tags":[],"_links":{"self":[{"href":"http:\/\/www.abundancepropertygroup.com.au\/zh-hans\/wp-json\/wp\/v2\/posts\/6570\/"}],"collection":[{"href":"http:\/\/www.abundancepropertygroup.com.au\/zh-hans\/wp-json\/wp\/v2\/posts\/"}],"about":[{"href":"http:\/\/www.abundancepropertygroup.com.au\/zh-hans\/wp-json\/wp\/v2\/types\/post\/"}],"author":[{"embeddable":true,"href":"http:\/\/www.abundancepropertygroup.com.au\/zh-hans\/wp-json\/wp\/v2\/users\/1\/"}],"replies":[{"embeddable":true,"href":"http:\/\/www.abundancepropertygroup.com.au\/zh-hans\/wp-json\/wp\/v2\/comments\/?post=6570"}],"version-history":[{"count":1,"href":"http:\/\/www.abundancepropertygroup.com.au\/zh-hans\/wp-json\/wp\/v2\/posts\/6570\/revisions\/"}],"predecessor-version":[{"id":6571,"href":"http:\/\/www.abundancepropertygroup.com.au\/zh-hans\/wp-json\/wp\/v2\/posts\/6570\/revisions\/6571\/"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.abundancepropertygroup.com.au\/zh-hans\/wp-json\/wp\/v2\/media\/6568\/"}],"wp:attachment":[{"href":"http:\/\/www.abundancepropertygroup.com.au\/zh-hans\/wp-json\/wp\/v2\/media\/?parent=6570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.abundancepropertygroup.com.au\/zh-hans\/wp-json\/wp\/v2\/categories\/?post=6570"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.abundancepropertygroup.com.au\/zh-hans\/wp-json\/wp\/v2\/tags\/?post=6570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}