The IHS Markit Australia Manufacturing PMI was revised lower to 56.8 in September of 2021 from a preliminary of 57.3 and after 52 in August to signal a sixteenth consecutive month of expansion. The rate of growth accelerated to the fastest in two months and returned a level above the survey average. Demand and production expanded following declines, driving improvements in employment and purchasing activity. Suppliers’ delivery times however continued to worsen sharply, which alongside increased demand led to severe price pressures for the manufacturing sector. Overall sentiment nevertheless improved in the latest survey. source: Markit Economics
Industrial Sentiment in Australia averaged 53.87 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 October of 2021.
Industrial Sentiment in Australia is expected to be 57.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Markit Manufacturing PMI is projected to trend around 54.50 points in 2022, according to our econometric models.