The Ai Group Australian Performance of Manufacturing Index edged up to 48.3 in December 2019 from 48.1 in the previous month which was the sharpest fall in factory activity since August of 2016. The reading also pointed to the second consecutive month of contraction in the manufacturing sector for the first time since mid-2015. Four of the seven activity indices contracted in December, with the recent weakness in new orders continuing, if at a milder rate of contraction (up 1.6 points to 48.8). Employment dropped further into negative territory (down 1.3 points to 46.0) and was joined by the finished stocks index (down 8.2 points to 44.4). More positively, supplier deliveries (up 6.8 points to 52.1) and exports (up 4.2 points to 54.0) rose into expansion. Manufacturing PMI in Australia averaged 50.78 points from 1992 until 2019, reaching an all time high of 62.50 points in March of 2018 and a record low of 29.47 points in February of 2009. source: Australian Industry Group

Manufacturing PMI in Australia is expected to be 53.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Australia to stand at 54.00 in 12 months time. In the long-term, the Australia Manufacturing PMI is projected to trend around 52.00 points in 2020, according to our econometric models.

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Australia Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
48.30 48.10 62.50 29.47 1992 - 2019 points Monthly
SA


News Stream
2019-12-01
Australia Factory Sector Activity at Over 3-Year Low
The AIG Australian Performance of Manufacturing Index fell to 48.1 in November 2019 from 51.6 in the previous month. The latest reading pointed to the sharpest contraction in factory since August 2016, as new orders dropped further suggesting a weak Christmas period ahead. Still, some manufacturing sectors recorded better conditions than others, with food and beverage sector continuing to report buoyant condition.

2019-10-31
Australia AIG Manufacturing PMI Dips in October
The AIG Australian Performance of Manufacturing Index declined 3.1 points from the previous month to 51.6 in October 2019, the lowest in three months. It was the fourth consecutive month of expansion, despite the new orders subindex dropping nearly 9 points to 48.3, after rising 3.8 points in the previous month. Within sectors, food & beverages stood well above average, whereas textiles remained well in contraction zone.

2019-09-30
Australia Manufacturing Sector Grows Further
The AIG Australian Performance of Manufacturing Index went up 1.6 points from the previous month to 54.7 in September 2019, the highest since April. Further expansion was mainly driven by new orders (+3.8 points to 57.1) and employment (+6.2 points to 57.6). In contrast, both production (-3.4 points to 49.8) and sales (-4.8 points to 49.5) shrank, dragged by a decline in exports (-6.1 points to 49.6). On the price front, inflation for inputs rose 5.7 points to 71.9, whereas selling prices declined 3.8 to 48.9. Within sectors, food & beverages stood well above average, edging up 0.2 to 59.2; in contrast, textiles contracted further (-0.5 to 41.8).

2019-09-01
Australia Manufacturing Growth Strongest in 4 Months
The AIG Australian Performance of Manufacturing Index went up 1.8 points from the previous month to 53.1 in August 2019, the highest since April. Production and sales rose back into expansion in August after contracting in July; and exports and new orders grew at a faster pace. Meanwhile, the employment index indicated slower job growth. Demand from defence and mining projects lifted the machinery and equipment sector into expansion, but the metals sector and other heavy industrial manufacturers are still reporting tough trading conditions. The food & beverages sector is still growing but recorded its lowest monthly result since November 2016.

2019-07-31
Australia Manufacturing PMI Rebounds to Expansion
The AIG Australian Performance of Manufacturing Index climbed to 51.3 in July 2019 from 49.4 in the previous month, returning to expansion after falling into contraction in June for the first time in nearly three years. Growth was mainly driven by a 3.2-point climb in new orders (currently at 53.0) and employment (+3.1 points to 53.2). Also, exports rose 1.5 to 54.6, as strong overseas demand for Australian consumable manufacturing products such as food, beverages, pharmaceuticals, vitamins & cosmetics was reported. In contrast, production lost 3.6 points and fell to 48.3. On the price front, input costs declined 1.1 to 66.3 and selling prices edged down 0.4 to 49.2, while wages declined 2.8 to 56.9. Meantime, capacity utilization jumped 4.6 points to 81.3 percent.

2019-06-30
Australia Factory Activity Contracts in June
The AIG Australian Performance of Manufacturing Index fell to 49.4 in June 2019 from 52.7 in the previous month. The latest reading pointed to the first contraction in the manufacturing sector since August 2016, as supplier deliveries (down 6.5 points to 47.1), new orders (down 2.5 points to 49.8) and finished inventories (down 6.8 points to 44) fell into negative territory. Additionally, employment (down 5.5 points to 50.1) and sales (down 0.8 points to 50.8) dropped. On the other hand, production (up 0.7 points to 51.9) and exports (up 2.8 points to 53.1) rose. Metals and machinery & equipment respondents continue to report weak conditions.


Australia Manufacturing PMI
Ai Group Manufacturing PMI Index measures the performance of the manufacturing sector and is derived from a survey of 200 industrial companies. It is composite index based on the diffusion indices for production, new orders, deliveries, inventories and employment with varying weights. 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.

Australia Business Last Previous Highest Lowest Unit
Business Confidence 0.00 2.00 21.00 -30.00 points [+]
Services PMI 48.70 53.70 63.00 32.50 points [+]
Manufacturing PMI 48.30 48.10 62.50 29.47 points [+]
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 81.07 81.68 84.62 78.24 percent [+]
New Orders 31.00 25.00 49.00 -37.00 points [+]
Changes in Inventories -941.00 -1366.00 4265.00 -3885.00 AUD Million [+]
Bankruptcies 748.00 741.00 1123.00 217.00 Companies [+]
Corporate Profits 97460.00 98235.00 98235.00 12032.00 AUD Million [+]
Total Vehicle Sales 84239.00 84708.00 130300.00 48099.00 [+]
Car Registrations 14330.43 14078.57 14330.43 3990.94 Thousand [+]
Leading Economic Index -0.09 -0.15 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 [+]
Industrial Sentiment 49.20 49.90 57.20 49.20 points [+]
Private Investment -0.20 -0.60 15.70 -8.50 percent [+]
Mining Production 6.50 3.80 25.20 -16.90 percent [+]
Services Sentiment 49.80 49.70 58.40 48.70 points [+]
Steel Production 448.33 488.24 819.00 238.00 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 49.60 49.70 58.30 49.10 points [+]
Business Inventories -0.40 -1.00 2.80 -2.80 percent [+]
Ease of Doing Business 14.00 18.00 18.00 9.00 [+]