The IHS Markit Australia Manufacturing PMI was revised higher to 56.9 in February of 2021 from a preliminary estimate of 56.6, still below January's 37-month high of 57.2. Output and new orders increased for an eighth consecutive month, although at a softer pace compared to January, while supply shortages and a further drop in exports were the main drag. On the price front, input cost soared at a record rate amid higher shipping and raw material prices, which, in turn, drove output cost to a level not seen since the survey began. Finally, business expectations for the year ahead improved to a two-year high in February amid prospects for a swifter economic recovery. source: Markit Economics
Industrial Sentiment in Australia averaged 53.44 points from 2016 until 2021, reaching an all time high of 57.20 points in December of 2016 and a record low of 44 points in May of 2020. This page provides - Australia Commonwealth Bank Manufacturing PMI- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Markit Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Industrial Sentiment in Australia is expected to be 55.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Sentiment in Australia to stand at 55.30 in 12 months time. In the long-term, the Australia Markit Manufacturing PMI is projected to trend around 54.50 points in 2022, according to our econometric models.