The IHS Markit Manufacturing PMI in Australia rose to 55.8 in November of 2020 from 54.2 in October, a final estimate showed. The latest reading pointed to the fifth straight month of expansion and also the highest for nearly three years. The headline was mainly nudged by new orders, which expanded at the swiftest rate since January 2019, while the rate of job creation was the fastest since early 2018. On the price front, inflationary pressures intensified amid firmer freight fees and higher raw material costs. Looking ahead, expectations about output over the coming year remained positive, with confidence based on planned capacity on the rise. source: Markit Economics

Industrial Sentiment in Australia averaged 53.26 points from 2016 until 2020, 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 December of 2020.

Industrial Sentiment in Australia is expected to be 55.70 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 55.10 in 12 months time. In the long-term, the Australia Markit Manufacturing PMI is projected to trend around 55.30 points in 2021 and 54.50 points in 2022, according to our econometric models.

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Australia Markit Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
55.80 54.20 57.20 44.00 2016 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-22 10:00 PM Markit Manufacturing PMI Flash Oct 54.2 55.4 55.6
2020-11-01 10:00 PM Markit Manufacturing PMI Final Oct 54.2 55.4 54.2
2020-11-22 10:00 PM Markit Manufacturing PMI Flash Nov 56.1 54.2 54
2020-11-30 10:00 PM Markit Manufacturing PMI Final Nov 55.8 54.2 56.1
2020-12-15 10:00 PM Markit Manufacturing PMI Flash Dec 55.7
2021-01-03 10:00 PM CommBank Manufacturing PMI Final Dec 55.7
2021-01-23 10:00 PM CommBank Manufacturing PMI Flash Jan
2021-02-02 10:00 PM CommBank Manufacturing PMI Final Jan


News Stream
Australia Manufacturing PMI Rises Further
The IHS Markit Manufacturing PMI in Australia rose to 55.8 in November of 2020 from 54.2 in October, a final estimate showed. The latest reading pointed to the fifth straight month of expansion and also the highest for nearly three years. The headline was mainly nudged by new orders, which expanded at the swiftest rate since January 2019, while the rate of job creation was the fastest since early 2018. On the price front, inflationary pressures intensified amid firmer freight fees and higher raw material costs. Looking ahead, expectations about output over the coming year remained positive, with confidence based on planned capacity on the rise.
2020-11-30
Australia Factory Activity at 35-Month High
The IHS Markit Manufacturing PMI in Australia rose to 56.1 in November of 2020 from 54.2 in October, a flash estimate showed. It was the highest reading since 2017 and the second straight expansion in the factory sector, with production and sales both increasing at a faster pace. At the same time, new orders expanded at the swiftest rate in almost two years, while the rate of job creation was the fastest since early 2018. On the price front, inflationary pressures intensified amid firmer freight fees and higher raw material costs.
2020-11-22
Australian Manufacturing Loses Momentum in October
The IHS Markit Manufacturing PMI in Australia declined to 54.2 in October of 2020 from 55.4 in September, matching a preliminary estimate. The recovery in the Australian manufacturing sector lost steam at the start of the fourth quarter, as output and new orders rose at slower rates, while export sales and employment fell back into decline. On the price front, input cost continued to rise while output charges rose at the fastest pace since March. Finally, business sentiment about the year-ahead outlook continued to improve, reaching its strongest since February of 2019.
2020-11-01
Australia Manufacturing PMI Loses Steam
The IHS Markit Manufacturing PMI in Australia declined to 54.2 in October of 2020 from 55.4 in September, preliminary data showed. The reading pointed to the fifth straight expansion in the factory sector, albeit at a softer pace amid the ongoing easing of coronavirus restrictions. Output and new orders rose at slower rates, while export sales fell back into contraction territory. At the same time, job shedding returned after an increase in employment in September. "An area of concern, however, was the subdued growth in new business, casting doubt on the durability of the current upturn in private sector activity. Furthermore, lacklustre sales meant that firms continued to be saddled with unused capacity,” said Bernard Aw, Principal Economist at IHS Markit.
2020-10-22

Australia Markit Manufacturing PMI
The IHS Markit Manufacturing PMI is based on data compiled from monthly replies to questionnaires sent to a representative panel of purchasing executives in over 400 private sector manufacturing firms in Australia. The panel is stratified by GDP and company workforce size. The manufacturing sector is divided into the following nine broad categories: Food & Drink, Textiles & Clothing, Wood & Paper, Chemicals, Plastics & Rubber, Metals & Metal Products, Electronic & Electrical Equipment, Machinery & Equipment, Transport Equipment and Other Manufacturing. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.