The Judo Bank Australia Manufacturing PMI fell to 48.7 in March 2023, from 50.5 in the previous month, preliminary estimates showed. It pointed to the sharpest contraction since May 2020, led by falls in new orders and outputs as higher interest rates and inflationary pressures affected demands. Manufacturing output shrank for a fourth straight month driven by falls in new orders, as new orders contacted at the fasted rate since August 2021. Labor demand continued to ease while Australian businesses are still looking to expand their workforce levels in early 2023. Meantime, the overall level of business confidence declined further and was the lowest in almost three years. source: Markit Economics

Industrial Sentiment in Australia averaged 54.02 points from 2016 until 2023, reaching an all time high of 60.40 points in May of 2021 and a record low of 44.00 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 S&P Global Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Industrial Sentiment in Australia is expected to be 50.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia S&P Global Manufacturing PMI is projected to trend around 54.20 points in 2024 and 53.60 points in 2025, according to our econometric models.

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Australia S&P Global Manufacturing PMI



Calendar GMT Actual Previous Consensus TEForecast
2023-02-28 10:00 PM Judo Bank Manufacturing PMI Final Feb 50.5 50 50.1
2023-03-23 10:00 PM Judo Bank Manufacturing PMI Flash Mar 48.7 50.5 50.4
2023-04-02 11:00 PM Judo Bank Manufacturing PMI Final Mar 50.5


Related Last Previous Unit Reference
Composite PMI 48.10 50.60 points Mar 2023
Services Sentiment 48.20 50.70 points Mar 2023
Industrial Sentiment 48.70 50.50 points Mar 2023

Australia S&P Global Manufacturing PMI
The S&P Global 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.
Actual Previous Highest Lowest Dates Unit Frequency
48.70 50.50 60.40 44.00 2016 - 2023 points Monthly
SA

News Stream
Australian Manufacturing PMI Falls to 34-Month Low
The Judo Bank Australia Manufacturing PMI fell to 48.7 in March 2023, from 50.5 in the previous month, preliminary estimates showed. It pointed to the sharpest contraction since May 2020, led by falls in new orders and outputs as higher interest rates and inflationary pressures affected demands. Manufacturing output shrank for a fourth straight month driven by falls in new orders, as new orders contacted at the fasted rate since August 2021. Labor demand continued to ease while Australian businesses are still looking to expand their workforce levels in early 2023. Meantime, the overall level of business confidence declined further and was the lowest in almost three years.
2023-03-23
Australian Manufacturing PMI Expands in February
The Judo Bank Australia Manufacturing PMI ticked up to 50.5 in February 2023, from 50 in the previous month, the final estimate showed. The marginal improvement was due to steady factory output amid a slow fall in new orders as well as a strong hiring activity. Employment levels rose at the fastest rate since last September. Input prices fell to the lowest since December 2020 amid slower increases in raw material, energy and labor costs. Finally, the level of business confidence eased with firms remaining concerned over the interest rate and economic outlooks.
2023-02-28
Australian Manufacturing PMI at 2-Month High
The Judo Bank Australia Manufacturing PMI edged up to 50.1 in February 2023, from 50 in the previous month, a preliminary estimate showed. It signaled a marginal expansion of the manufacturing sector, as lower domestic and global new orders weighed on buying activities for further expansion, and demand for factory goods shrank for a second consecutive. Consequently, output continued to decline and selling price inflation eased further amid weaker demand conditions. Business confidence climbs to a five-month high as firms remained optimistic that output will continue to expand in the next 12 months. Employment went up at an above-average pace as firms continued to expand their workforce capacity.
2023-02-20