The Ai Group Australian Performance of Manufacturing Index jumped to 56.3 in October of 2020 from 46.7 in the previous month. The latest reading pointed to the first expansion in factory activity since July as production, employment, sales and exports all moved into growth territory. The strong national performance was driven by large improvements in New South Wales and Victoria. source: Australian Industry Group
Manufacturing PMI in Australia averaged 50.67 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 November of 2020.
Manufacturing PMI in Australia is expected to be 54.00 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 52.30 in 12 months time. In the long-term, the Australia Manufacturing PMI is projected to trend around 52.50 points in 2021 and 53.00 points in 2022, according to our econometric models.