The Ai Group Australian Performance of Manufacturing Index dropped to 45.4 in January 2020 from 48.3 in the previous month. The reading pointed to the third consecutive month of contraction in the factory activity and marked the lowest monthly result since June 2015. Six of the seven activity indices contracted in January, with exports the only index reporting stability (down 4.2 points to 49.8). Production (down 3.5 points to 45.2), new orders (down 5.1 points to 43.7) and deliveries (down 8.4 points to 43.7) all contracted at a faster pace.
Manufacturing PMI in Australia averaged 50.76 points from 1992 until 2020, reaching an all time high of 62.50 points in March of 2018 and a record low of 29.47 points in February of 2009. This page provides the latest reported value for - Australia Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Australian Industry Group
Manufacturing PMI in Australia is expected to be 48.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Australia to stand at 54.00 in 12 months time. In the long-term, the Australia Manufacturing PMI is projected to trend around 54.00 points in 2021 and 52.00 points in 2022, according to our econometric models.