The Judo Bank Australia Manufacturing PMI fell to 47.7 in February 2024 from 50.1 a month earlier, flash data showed. It was driven by a significant drop in new orders which resulted in a downturn in production. High interest rates and challenging manufacturing conditions weakened demand, resulting in the sharpest decrease in output since May 2020. Consequently, employment levels and purchasing activity also declined. Australian manufacturers faced additional challenges due to delays caused by the Red Sea conflict and port disruptions. Moreover, they experienced higher input cost inflation, primarily driven by rising raw material and transport costs. As a result, firms passed on their increased cost burdens at a faster rate in February. Overall optimism declined in the latest survey period due to these factors. source: S&P Global

Manufacturing PMI in Australia decreased to 47.70 points in February from 50.10 points in January of 2024. Manufacturing PMI in Australia averaged 53.37 points from 2016 until 2024, 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 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 Judo Bank Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on February of 2024.

Manufacturing PMI in Australia decreased to 47.70 points in February from 50.10 points in January of 2024. Manufacturing PMI in Australia is expected to be 48.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Judo Bank Manufacturing PMI is projected to trend around 53.60 points in 2025 and 52.90 points in 2026, according to our econometric models.

Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Width
Height

Australia Judo Bank Manufacturing PMI


Related Last Previous Unit Reference
Manufacturing PMI 47.70 50.10 points Feb 2024
Services PMI 52.80 49.10 points Feb 2024
Business Confidence 1.00 0.00 points Jan 2024
Industrial Production Mom -1.00 0.50 percent Sep 2023
Industrial Production 0.00 1.80 percent Sep 2023
Manufacturing Production 0.00 -0.30 percent Sep 2023
Capacity Utilization 83.62 82.81 percent Jan 2024
New Orders 9.00 13.00 points Dec 2023
Changes in Inventories -531.00 -2838.00 AUD Million Sep 2023
Bankruptcies 119.00 727.00 Companies Jan 2024
Corporate Profits 131103.00 132848.00 AUD Million Sep 2023
Total Vehicle Sales 89782.00 98544.00 Units Jan 2024
Car Registrations 16245.00 18470.00 Units Dec 2023
Car Production 1.00 1825.00 Units Nov 2017
Leading Economic Index -0.09 -0.03 percent Jan 2024
Small Business Sentiment -9.43 -4.09 points Dec 2023
Composite Leading Indicator 98.99 98.88 points Jan 2024
Industry Index -27.30 -22.40 points Jan 2024
Industry Index Construction -11.50 -22.20 points Jan 2024
Industry Index Manufacturing -23.80 -25.30 points Jan 2024
Industry Index Business Services -22.40 -23.60 points Nov 2023
Building Capital Expenditure 0.70 4.40 percent Sep 2023
Plant Machinery Capital Expenditure 0.50 2.20 percent Sep 2023
IP Addresses 9859878.00 9310525.00 IP Mar 2017
Internet Speed 11063.10 10098.33 KBps Mar 2017
Composite PMI 51.80 49.00 points Feb 2024
Corruption Rank 14.00 13.00 Dec 2023
Corruption Index 75.00 75.00 Points Dec 2023
Mining Production 0.20 1.20 percent Sep 2023
Private Investment 0.60 3.40 percent Sep 2023
Business Inventories 1.20 -1.30 percent Sep 2023
Industrial Sentiment 48.20 48.40 points Jun 2023
Services Sentiment 50.30 52.10 points Jun 2023
Steel Production 473.11 449.78 Thousand Tonnes Dec 2020
Ease of Doing Business 14.00 18.00 Dec 2019
Competitiveness Rank 16.00 14.00 Dec 2019
Competitiveness Index 78.75 78.85 Points Dec 2019

Australia Judo Bank Manufacturing PMI
The Judo Bank Australia Manufacturing PMI is compiled by S&P Global from responses to monthly questionnaires sent to purchasing managers in a panel of around 400 manufacturers. The headline figure is the Purchasing Managers’ Index (PMI), which is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease.
Actual Previous Highest Lowest Dates Unit Frequency
47.70 50.10 60.40 44.00 2016 - 2024 points Monthly
SA

News Stream
Australia Manufacturing PMI Drops to Contractionary Zone in February
The Judo Bank Australia Manufacturing PMI fell to 47.7 in February 2024 from 50.1 a month earlier, flash data showed. It was driven by a significant drop in new orders which resulted in a downturn in production. High interest rates and challenging manufacturing conditions weakened demand, resulting in the sharpest decrease in output since May 2020. Consequently, employment levels and purchasing activity also declined. Australian manufacturers faced additional challenges due to delays caused by the Red Sea conflict and port disruptions. Moreover, they experienced higher input cost inflation, primarily driven by rising raw material and transport costs. As a result, firms passed on their increased cost burdens at a faster rate in February. Overall optimism declined in the latest survey period due to these factors.
2024-02-21
Australia Manufacturing PMI Shows Slight Expansion in January
The Judo Bank Australia Manufacturing PMI was revised lower to 50.1 in January 2024 from a preliminary of 50.3. It snapped the tenth month of contraction in manufacturing sector conditions, supported by easing declines in new orders, production, and job shedding. Manufacturing output declined at a slower rate, driven by softer economic conditions and reduced demand, while employment levels fell marginally. Purchasing activity contracted, leading to unchanged input inventory holdings. Supply issues, including lengthening lead times, were attributed to domestic port and Red Sea disruptions. Despite increased supply delays, price pressures remained subdued, and overall sentiment improved, with increased business confidence for future sales.
2024-01-31
Australia Manufacturing PMI Expands Slightly in January
The Judo Bank Australia Manufacturing PMI rose to 50.3 in January 2024 from 47.6 in the previous month, flash estimates showed. It snapped the tenth month of contraction in manufacturing sector conditions, supported by a significant deterioration in lead times, marked by the most extensive lengthening of suppliers' delivery times since August 2022. This was attributed to shipping delays caused by port congestion and conflicts in the Middle East. Although incoming new orders and output remained in contraction, the rates of decline eased from December. Employment also declined but at a slower rate. Additionally, business confidence reached a five-month high.
2024-01-23