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.


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Australia Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
45.40 48.30 62.50 29.47 1992 - 2020 points Monthly
SA


News Stream
Australia Factory Activity at 4-1/2-Year Low
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.
2020-02-02
Australia Factory Activity Shrinks for 2nd Month
The Ai Group Australian Performance of Manufacturing Index edged up to 48.3 in December 2019 from 48.1 in the previous month which was the sharpest fall in factory activity since August of 2016. The reading also pointed to the second consecutive month of contraction in the manufacturing sector for the first time since mid-2015. Four of the seven activity indices contracted in December, with the recent weakness in new orders continuing, if at a milder rate of contraction (up 1.6 points to 48.8). Employment dropped further into negative territory (down 1.3 points to 46.0) and was joined by the finished stocks index (down 8.2 points to 44.4). More positively, supplier deliveries (up 6.8 points to 52.1) and exports (up 4.2 points to 54.0) rose into expansion.
2020-01-05
Australia Factory Sector Activity at Over 3-Year Low
The AIG Australian Performance of Manufacturing Index fell to 48.1 in November 2019 from 51.6 in the previous month. The latest reading pointed to the sharpest contraction in factory since August 2016, as new orders dropped further suggesting a weak Christmas period ahead. Still, some manufacturing sectors recorded better conditions than others, with food and beverage sector continuing to report buoyant condition.
2019-12-01
Australia AIG Manufacturing PMI Dips in October
The AIG Australian Performance of Manufacturing Index declined 3.1 points from the previous month to 51.6 in October 2019, the lowest in three months. It was the fourth consecutive month of expansion, despite the new orders subindex dropping nearly 9 points to 48.3, after rising 3.8 points in the previous month. Within sectors, food & beverages stood well above average, whereas textiles remained well in contraction zone.
2019-10-31

Australia Manufacturing PMI
Ai Group Manufacturing PMI Index measures the performance of the manufacturing sector and is derived from a survey of 200 industrial companies. It is composite index based on the diffusion indices for production, new orders, deliveries, inventories and employment with varying weights. 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.