Forming macroscopic solid bodies in circumstellar discs requires local dust concentration levels significantly higher than the mean. Interactions of the dust particles with the gas must serve to augment local particle densities, and facilitate growth past barriers in the metre size range. Amongst a number of mechanisms that can amplify the local density of solids, aerodynamic streaming instability (SI) is one of the most promising. This work tests the physical assumptions of models that lead to SI in protoplanetary discs (PPDs). We conduct laboratory experiments in which we track the three-dimensional motion of spherical solid particles fluidised in a low-pressure, laminar, incompressible, gas stream. The particle sizes span the Stokes-Epstein drag regime transition and the overall dust-to-gas mass density ratio, is close to unity. A recently published study establishes the similarity of the laboratory flow to a simplified PPD model flow. We study velocity statistics and perform time-series analysis of the advected flow to obtain experimental results suggesting an instability due to particle-gas interaction: (i) there exist variations in particle concentration in the direction of the mean relative motion between the gas and the particles, that is the direction of the mean drag forces; (ii) the particles have a tendency to catch up to one another when they are in proximity; (iii) particle clumping occurs on very small scales, which implies local enhancements above the background by factors of several tens; (iv) the presence of these density enhancements occurs for a mean approaching or greater than 1; (v) we find evidence for collective particle drag reduction when the local particle number density becomes high and when the background gas pressure is high so that the drag is in the continuum regime. The experiments presented here are precedent-setting for observing SI under controlled conditions and may lead to a deeper understanding of how it operates in nature.