The Housing Industry Association PCI fell just over 4 points in November to finish on 32 points. This is the second worse monthly fall since the survay started in September 2005 and the ninth month in a row below the key 50 points level. It has almost reached the record low of 31.8 in September.

Engineering and commertial construction grew weaker in November to the lowest level ever. The sub-index measuring new orders fell almost 10 points to reach 17.9 points. Housing building activity is in the tenth month of contraction. However, construction industries should improve through 2009.

Have your say: Why do you believe the construction activities are at the lowest ever?