The Ai Group Australian Performance of Manufacturing Index jumped to 51.5 in June of 2020 from 41.6 in the previous month. The latest reading pointed to the first expansion in factory activity in eight months amid the easing of coronavirus lockdown restrictions. Production and new orders returned to growth and the job shedding rate eased. In addition, export sales fell at a softer pace amid an improvement in demand. On the price front, input cost inflation slowed while output charges dropped at a weaker rate.
Manufacturing PMI in Australia averaged 50.66 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. Australia Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Australian Industry Group
Manufacturing PMI in Australia is expected to be 54.00 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 54.50 in 12 months time. In the long-term, the Australia Manufacturing PMI is projected to trend around 54.00 points in 2021 and 55.00 points in 2022, according to our econometric models.