The IHS Markit Australia Manufacturing PMI jumped to a record 59.6 in April of 2021 from 56.8 in the previous month, preliminary data showed. The three largest sub-components of the PMI, new orders, production and employment, all rose over the month. Also, employment grew at the second-quickest pace on record, just behind February 2018. Finally, rates of both input cost and output charge inflation reached new highs. source: Markit Economics
Industrial Sentiment in Australia averaged 53.61 points from 2016 until 2021, reaching an all time high of 59.60 points in April of 2021 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 April of 2021.
Industrial Sentiment in Australia is expected to be 55.00 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.