The Ai Group Australian Performance of Manufacturing Index edged up to 41.6 in May of 2020 from 35.8 in the previous month which was the largest single-month drop in the index's history. Still, the manufacturing industry remained in deep contraction in May, as coronavirus restrictions affected demand across the board. The decline slowed across all activity indices, except for the exports index which recorded its lowest ever monthly result as many overseas markets essentially shut down.
Manufacturing PMI in Australia averaged 50.66 points from 1992 until 2020, 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. This page provides the latest reported value for - Australia Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Australian Industry Group
Manufacturing PMI in Australia is expected to be 33.00 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 44.00 in 12 months time. In the long-term, the Australia Manufacturing PMI is projected to trend around 49.00 points in 2021 and 52.00 points in 2022, according to our econometric models.