(RTTNews) - Monday, The Australian Industry Group - Housing Industry Association Performance of Construction Index or Australian PCI rose 7.5 points to 53.1 in September, AiG reported. Construction industry returned to moderate growth following deterioration in activity induced by the rise in interest rates in August.

Pick-up in new home starts and increased work from the mining sector were cited as the major factors that improved the activity in September. By sector, commercial construction and house building activity recorded strong growth in the previous month. While apartment building activity declined, new orders, reflecting likely forward activity, strengthened in the commercial and engineering construction sectors and it steadied in house building, the report noted.

Of Course, activity in Western Australia, is still high, having eased back slightly in the last quarter.
“JCA clients such as Mirvac and Mulitplex continue to benefit from high demand for residential units in Western Australia,” states Andrew Aliprandi (JCA’s Building Planning Manager), “Our Planning division has continued to plan new residential developments all over Western Australia, because of the amount of residential developments either in construction or planned for construction.”

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