Overall conditions throughout the building and construction industry in Australia continued to deteriorate last month but did so a moderating pace, indicating the trough experienced by the industry over the last three years may finally be easing.

Published by Australian Industry Group in conjunction with Housing Industry Association, the Australian Performance of Construction Index (Australian PCI®) came in at 39.5 in June – still well below the 50.0 mark which separates improving conditions from deteriorating conditions, but up 4.2 points compared with the previous month. This means…