The IHS Markit Manufacturing PMI in Australia was revised lower to 55.7 in December of 2020 from a preliminary estimate of 56.0 and compared to November's 35-month high of 55.8. Still, the Australian manufacturers ended 2020 on a strong note, with output, order book and employment growth accelerating in the last quarter of the year. However, supply chain constraints and shipping delays continued to impact the firm’s abilities to boost capacity. On the price front, both input and output prices rose faster. Finally, business sentiment about the year-ahead outlook remained positive, with firms optimistic that vaccine breakthroughs will pave the way for a global economic recovery in 2021. source: Markit Economics

Industrial Sentiment in Australia averaged 53.31 points from 2016 until 2020, reaching an all time high of 57.20 points in December of 2016 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 January of 2021.

Industrial Sentiment in Australia is expected to be 55.30 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 55.30 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.

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Australia Markit Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
55.70 55.80 57.20 44.00 2016 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-22 10:00 PM Markit Manufacturing PMI Flash Nov 56.1 54.2 54
2020-11-30 10:00 PM Markit Manufacturing PMI Final Nov 55.8 54.2 56.1
2020-12-15 10:00 PM Markit Manufacturing PMI Flash Dec 56.0 55.8 55.1
2021-01-03 10:00 PM Markit Manufacturing PMI Final Dec 55.7 55.8 56.0
2021-01-21 10:00 PM Markit Manufacturing PMI Flash Jan 55.7 55.1
2021-01-31 10:00 PM Markit Manufacturing PMI Final Jan 55.7
2021-02-18 10:00 PM Markit Manufacturing PMI Flash Feb
2021-02-28 10:00 PM Markit Manufacturing PMI Final Feb


News Stream
Australia Manufacturing PMI Revised Lower
The IHS Markit Manufacturing PMI in Australia was revised lower to 55.7 in December of 2020 from a preliminary estimate of 56.0 and compared to November's 35-month high of 55.8. Still, the Australian manufacturers ended 2020 on a strong note, with output, order book and employment growth accelerating in the last quarter of the year. However, supply chain constraints and shipping delays continued to impact the firm’s abilities to boost capacity. On the price front, both input and output prices rose faster. Finally, business sentiment about the year-ahead outlook remained positive, with firms optimistic that vaccine breakthroughs will pave the way for a global economic recovery in 2021.
2021-01-03
Australia Markit Manufacturing PMI Edges Up
The IHS Markit Manufacturing PMI in Australia rose to 56 in December of 2020 from 55.8 in November, preliminary data showed. The latest reading pointed to the sixth straight month of expansion and the highest since July. New orders grew at a 25-month high and employment expanded at the fastest rate in just under three years. On the price front, inflation reached 6- and 9-month highs, respectively.
2020-12-15
Australia Manufacturing PMI Rises Further
The IHS Markit Manufacturing PMI in Australia rose to 55.8 in November of 2020 from 54.2 in October, a final estimate showed. The latest reading pointed to the fifth straight month of expansion and also the highest for nearly three years. The headline was mainly nudged by new orders, which expanded at the swiftest rate since January 2019, while the rate of job creation was the fastest since early 2018. On the price front, inflationary pressures intensified amid firmer freight fees and higher raw material costs. Looking ahead, expectations about output over the coming year remained positive, with confidence based on planned capacity on the rise.
2020-11-30
Australia Factory Activity at 35-Month High
The IHS Markit Manufacturing PMI in Australia rose to 56.1 in November of 2020 from 54.2 in October, a flash estimate showed. It was the highest reading since 2017 and the second straight expansion in the factory sector, with production and sales both increasing at a faster pace. At the same time, new orders expanded at the swiftest rate in almost two years, while the rate of job creation was the fastest since early 2018. On the price front, inflationary pressures intensified amid firmer freight fees and higher raw material costs.
2020-11-22

Australia Markit Manufacturing PMI
The IHS Markit 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.