The Ai Group Australian Performance of Manufacturing Index fell to an eleven-month low of 51.6 in August 2021 from 60.8 a month earlier. The reading pointed to the slowest growth in factory activity since a contraction in September last year, due to extended lockdowns in Sydney and other large local areas to curb a recent spike in Covid-19 infections. Declines were seen in all subindexes: production (-11.6 to 50.2), employment (-9.4 to 51.4), new orders (-5.4 to 57.1), sales (-11.8 to 49.9), input prices (-3.3 to 81.3) and selling prices (-3 to 61.7). Of the six manufacturing sectors only food and beverages expanded at a faster pace in August. Chemicals and TCF, paper & printing also expanded, albeit at a slower rate. Machinery & equipment manufacturing stalled while metal products and building materials manufacturing contracted due to restricted manufacturing and construction activity in NSW and Victoria. source: Australian Industry Group
Manufacturing PMI in Australia averaged 50.94 points from 1992 until 2021, reaching an all time high of 63.20 points in June of 2021 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 September of 2021.
Manufacturing PMI 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. In the long-term, the Australia Manufacturing PMI is projected to trend around 53.00 points in 2022, according to our econometric models.