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.

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Australia Markit Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
59.60 56.80 59.60 44.00 2016 - 2021 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-02-28 10:00 PM Markit Manufacturing PMI Final Feb 56.9 57.2 56.6
2021-03-23 10:00 PM Markit Manufacturing PMI Flash Mar 57 56.9 56.2
2021-03-31 10:00 PM Markit Manufacturing PMI Final Mar 56.8 56.9 57
2021-04-22 11:00 PM Markit Manufacturing PMI Flash Apr 59.6 56.8 56
2021-05-02 11:00 PM Markit Manufacturing PMI Final Apr 56.8 59.6
2021-05-20 11:00 PM Markit Manufacturing PMI Flash May
2021-05-31 11:00 PM Markit Manufacturing PMI Final May
2021-06-22 11:00 PM Markit Manufacturing PMI Flash Jun


News Stream
Australia Manufacturing PMI Hits Record High
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.
2021-04-22
Australia Markit Manufacturing PMI Falls in March
The IHS Markit Australia Manufacturing PMI inched down to 56.8 in March from 56.9 in the previous month and compared to preliminary reading of 57, final data showed. Production and new orders both continued to rise at solid rates in March, both increasing for the ninth consecutive month. However, rates of growth remained lower than January’s recent peaks, in part reflecting reports of bottlenecks in the supply of inputs and widespread shipping delays. Meanwhile, backlogs of work expanded to the greatest extent since last September. On the price front, goods producers registered the steepest increase in input costs in the survey history, which they associated with supply-chain constraints.
2021-03-31
Australia Manufacturing PMI Edges Up
The IHS Markit Flash Australia Manufacturing Output Index inched up to 57 in March from 56.9 in the previous month, preliminary data showed. The increase was mainly nudged by quicker increases in factory orders and employment, whereas activity growth eased marginally from February. Meanwhile, backlogs of work expanded to the greatest extent since last September. On the price front, goods producers registered the steepest increase in input costs in the survey history, which they associated with supply-chain constraints.
2021-03-23
Australia Manufacturing PMI Revised Higher
The IHS Markit Australia Manufacturing PMI was revised higher to 56.9 in February of 2021 from a preliminary estimate of 56.6, still below January's 37-month high of 57.2. Output and new orders increased for an eighth consecutive month, although at a softer pace compared to January, while supply shortages and a further drop in exports were the main drag. On the price front, input cost soared at a record rate amid higher shipping and raw material prices, which, in turn, drove output cost to a level not seen since the survey began. Finally, business expectations for the year ahead improved to a two-year high in February amid prospects for a swifter economic recovery.
2021-02-28

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.