The IHS Markit Australia Manufacturing PMI jumped to a record 60.4 in May of 2021 from 59.7 in the previous month, compared to a preliminary reading of 59.9. Demand continued to improve and supported the expansion of business activity for a twelfth consecutive month, with new orders rising at a record rate. The improved outlook once again encouraged businesses to hire extra staff at a record pace. On the price front, rates of both input cost and output charge inflation reached new highs. Finally, firms remained broadly optimistic about the outlook for the manufacturing sector in Australia. source: Markit Economics

Industrial Sentiment in Australia averaged 53.72 points from 2016 until 2021, reaching an all time high of 60.40 points in May of 2021 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 June of 2021.

Industrial Sentiment in Australia is expected to be 61.00 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 56.00 in 12 months time. In the long-term, the Australia Markit Manufacturing PMI is projected to trend around 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
60.40 59.70 60.40 44.00 2016 - 2021 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-22 11:00 PM Markit Manufacturing PMI Flash Apr 59.6 56.8 56
2021-05-02 11:00 PM Markit Manufacturing PMI Final Apr 59.7 56.8 59.6
2021-05-20 11:00 PM Markit Manufacturing PMI Flash May 59.9 59.7 59
2021-05-31 11:00 PM Markit Manufacturing PMI Final May 60.4 59.7 59.9
2021-06-22 11:00 PM Markit Manufacturing PMI Flash Jun 60.4 61
2021-06-30 11:00 PM Markit Manufacturing PMI Final Jun 60.4
2021-07-22 11:00 PM Markit Manufacturing PMI Flash Jul
2021-08-01 11:00 PM Markit Manufacturing PMI Final Jul


News Stream
Australia Manufacturing PMI Hits Record High
The IHS Markit Australia Manufacturing PMI jumped to a record 60.4 in May of 2021 from 59.7 in the previous month, compared to a preliminary reading of 59.9. Demand continued to improve and supported the expansion of business activity for a twelfth consecutive month, with new orders rising at a record rate. The improved outlook once again encouraged businesses to hire extra staff at a record pace. On the price front, rates of both input cost and output charge inflation reached new highs. Finally, firms remained broadly optimistic about the outlook for the manufacturing sector in Australia.
2021-05-31
Australia Manufacturing PMI Hits Record High
The IHS Markit Australia Manufacturing PMI jumped to a record 59.9 in May of 2021 from 59.7 in the previous month, preliminary data showed. The three largest sub-components of the PMI, new orders, production and employment, all expanded. On the price front, rates of both input cost and output charge inflation reached new highs.
2021-05-20
Australia Factory Growth Hits Record High: Markit
The IHS Markit Australia Manufacturing PMI was revised higher to a record high of 59.7 in April from a flash reading of 59.6 and after a final 56.8 in March, amid a recovery from the pandemic as restrictions eased and support from the government continued. This marked the 11th straight month of growth in factory activity, with new order growth reaching a fresh survey high, while output rising the most since December 2016. Also, export sales grew further, the rate of job creation was the fastest since the survey began; and buying activity grew at a record pace. Meantime, supply chain constraints coupled with the rise in demand led to the sharpest rise in backlogs of work since December 2017. Prices data showed input price inflation was at a record high on the back of supply constraints while selling prices rose at the fastest rate since May 2016. Looking ahead, sentiment improved on positive projections for sales and activity.
2021-05-02
Australia Manufacturing PMI Hits Record High
The IHS Markit Australia Manufacturing PMI jumped to a record 59.6 in April of 2021 from 56.8 in the previous month, preliminary data showed. The three largest sub-components of the PMI, new orders, production and employment, all rose over the month. Also, employment grew at the second-quickest pace on record, just behind February 2018. Finally, rates of both input cost and output charge inflation reached new highs.
2021-04-22

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.