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.