Australia Commonwealth Bank Manufacturing PMI

The Commonwealth Bank Manufacturing PMI in Australia fell to 49.9 in December 2019 from 50 in the previous month, matching a preliminary estimate and market expectations. The reading pointed to the first contraction in factory activity since series began in over three-and-a-half years, as new orders dropped at the steepest pace on record and output went down for the third consecutive month. Backlogs of work declined for the fifth straight month and the job creation rate slowed. On the price front, input prices rose at a solid pace mostly driven by a weak exchange rate and higher costs for raw materials in particular food, paper and wool; and output cost inflation accelerated to a four-month high. Lastly, sentiment deteriorated to a near three-and-a-half year low due to economic conditions, a slowing housing market and worsening drought-related disruptions. Industrial Sentiment in Australia averaged 53.95 Index Points from 2016 until 2019, reaching an all time high of 57.20 Index Points in December of 2016 and a record low of 49.90 Index Points in November of 2019. source: Markit Economics

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2019-10-23	10:00 PM	CommBank Manufacturing PMI Flash Oct	50.1	50.3	49.0	50.1
2019-10-31	10:00 PM	CommBank Manufacturing PMI Final Oct	50.0	50.3	50.1	50.1
2019-11-21	10:00 PM	CommBank Manufacturing PMI Flash Nov	49.9	50.0	49.8	49.7
2019-12-01	10:00 PM	CommBank Manufacturing PMI Final Nov	49.9	50.0	49.9	49.9
2019-12-15	10:00 PM	CommBank Manufacturing PMI Flash Dec		49.9		50.1
2020-01-01	10:00 PM	CommBank Manufacturing PMI Final Dec		49.9		50.1
2020-01-23	10:00 PM	CommBank Manufacturing PMI Flash Jan

Australia Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	2.00	0.00	21.00	-30.00	Index Points	[+]
Services PMI	53.70	54.20	63.00	32.50	Index Points	[+]
Manufacturing PMI	48.10	51.60	62.50	29.47		[+]
Industrial Production	1.90	1.30	12.60	-7.60	percent	[+]
Industrial Production Mom	1.20	0.70	5.20	-7.10	percent	[+]
Manufacturing Production	-3.10	-1.70	8.60	-11.80	percent	[+]
Capacity Utilization	81.68	81.87	84.62	78.24	percent	[+]
New Orders	25.00	36.00	49.00	-37.00	Index Points	[+]
Changes in Inventories	-941.00	-1366.00	4265.00	-3885.00	AUD Million	[+]
Bankruptcies	685.00	778.00	1123.00	217.00	Companies	[+]
Corporate Profits	97460.00	98235.00	98235.00	12032.00	AUD Million	[+]
Total Vehicle Sales	84708.00	82456.00	130300.00	48099.00		[+]
Car Registrations	14330.43	14078.57	14330.43	3990.94	Thousand	[+]
Leading Economic Index	-0.07	-0.12	0.54	-1.11	percent	[+]
Small Business Sentiment	1.21	0.84	18.55	-21.17		[+]
Internet Speed	11063.10	10098.33	11063.10	1922.87	KBps	[+]
IP Addresses	9859878.00	9310525.00	13859005.00	5227461.00	IP	[+]
Private Investment	-0.20	-0.60	15.70	-8.50	percent	[+]
Mining Production	6.50	3.80	25.20	-16.90	percent	[+]
Industrial Sentiment	49.90	50.00	57.20	49.90	Index Points	[+]
Services Sentiment	49.70	50.10	58.40	48.70	Index Points	[+]
Steel Production	488.24	459.23	819.00	238.00	Thousand Tonnes	[+]
Corruption Index	77.00	77.00	88.60	77.00	Points	[+]
Corruption Rank	13.00	13.00	13.00	7.00		[+]
Competitiveness Index	78.75	78.85	78.85	5.08	Points	[+]
Competitiveness Rank	16.00	14.00	22.00	14.00		[+]
Composite Pmi	49.70	50.00	58.30	49.10	Index Points	[+]
Business Inventories	-0.40	-1.00	2.80	-2.80	percent	[+]
Ease of Doing Business	14.00	18.00	18.00	9.00		[+]

Australia Commonwealth Bank Manufacturing PMI

The Commonwealth Bank 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. This page provides - Australia Commonwealth Bank Manufacturing PMI- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Commonwealth Bank Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on December of 2019.