The Commonwealth Bank Manufacturing PMI for Australia rose to 49.8 in February 2020 from 49.6 in January but slightly below market expectations of 48.9, a preliminary estimate showed. The reading pointed to the fourth straight month of contraction in factory activity and the slowest in three months, as output fell for the sixth month in a row, though the rate of contraction was softer thank in January. Meantime, new orders declined markedly, driven in part by a renewed fall in new export work; and employment fell sharply. Delivery times rose at the steepest pace on record, mainly due to bushfires and the coronavirus outbreak.

Industrial Sentiment in Australia averaged 53.65 points from 2016 until 2020, reaching an all time high of 57.20 points in December of 2016 and a record low of 49.20 points in December of 2019. This page provides - Australia Commonwealth Bank Manufacturing PMI- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Markit Economics

Industrial Sentiment in Australia is expected to be 50.10 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 52.00 in 12 months time. In the long-term, the Australia Commonwealth Bank Manufacturing PMI is projected to trend around 53.50 points in 2021, according to our econometric models.


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Australia Commonwealth Bank Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
49.80 49.60 57.20 49.20 2016 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-01-01 10:00 PM CommBank Manufacturing PMI Final Dec 49.2 49.9 49.4 49.4
2020-01-23 10:00 PM CommBank Manufacturing PMI Flash Jan 49.1 49.2 49.1 49
2020-02-02 10:00 PM CommBank Manufacturing PMI Final Jan 49.6 49.2 49.1 49.1
2020-02-20 10:00 PM CommBank Manufacturing PMI Flash Feb 49.8 49.6 48.9 49.1
2020-03-01 10:00 PM CommBank Manufacturing PMI Final Feb 49.6 49.8 49.8
2020-03-23 10:00 PM CommBank Manufacturing PMI Flash Mar 50.1
2020-03-31 10:00 PM CommBank Manufacturing PMI Final Mar 50.1
2020-04-22 11:00 PM CommBank Manufacturing PMI Flash Apr
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Australia Manufacturing PMI Stays in Contraction
The Commonwealth Bank Manufacturing PMI for Australia rose to 49.8 in February 2020 from 49.6 in January but slightly below market expectations of 48.9, a preliminary estimate showed. The reading pointed to the fourth straight month of contraction in factory activity and the slowest in three months, as output fell for the sixth month in a row, though the rate of contraction was softer thank in January. Meantime, new orders declined markedly, driven in part by a renewed fall in new export work; and employment fell sharply. Delivery times rose at the steepest pace on record, mainly due to bushfires and the coronavirus outbreak.
2020-02-20
Australia Manufacturing PMI Revised Higher: Markit
The Commonwealth Bank Manufacturing PMI for Australia was revised higher to 49.6 in January 2020 from a preliminary reading of 49.1 and above December’s 49.2. The reading pointed to the third straight month of contraction in factory activity, final figures showed. New orders fell at a softer pace, amid a solid and accelerated expansion in new export orders. New business from abroad rose at the fastest pace since November 2018. Also, employment fell for the second straight month, but the rate of job cuts was marginal. On the other hand, the rate of contraction in production accelerated to the fastest in the 45-month survey history on the back of weak market demand. On the price front, sharper rises in both input costs, due to currency weakness, and output prices were signalled. Finally, business sentiment dipped and was one of the lowest recorded by the survey to date.
2020-02-02
Australia Factory Activity Shrinks for 3rd Month: PMI
The Commonwealth Bank Manufacturing PMI for Australia edged down to 49.1 in January of 2020 from 49.2 in December, compared to market expectations of 49. The reading pointed to the third straight month of contraction in factory activity, flash figures showed. Output decreased at a record pace and total new orders fell at a modest pace, despite continued growth of new business from abroad. Firms responded to lower workloads by scaling back employment for the second month running. Suppliers’ delivery times lengthened sharply, with vendor performance worsening to the greatest extent in almost a year. According to respondents, bush fires had been behind delivery delays.
2020-01-23
Australia Factory Activity Falls at Record Pace
The Commonwealth Bank Manufacturing PMI in Australia was revised lower to 49.2 from 49.4 in December of 2019. It compares with 49.9 in the previous month. The reading pointed to the worst contraction ever in the manufacturing sector, dragged down by record falls in both new orders and output. The weakening sales trend led to a further development of spare capacity which, in turn, contributed to a fall in employment. Firms also cut back on both purchasing activity and input inventories. Meanwhile, input price inflation eased while output charges rose modestly. On the other hand, business confidence was the strongest in five months. Expectations of improved economic conditions, higher sales projections and marketing activities were cited as factors driving growth.
2020-01-01

Australia Commonwealth Bank Manufacturing PMI
The Commonwealth Bank 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.