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.