The AIG Australian Performance of Manufacturing Index declined 4.2 points from the previous month to 49.3 in August of 2020, falling back into contraction territory after expanding for two months amid a new wave of coronavirus infections. Production, employment and new orders dropped while export sales rose. On the price front, input price inflation slowed and output charges continued to drop. Looking ahead, sentiment deteriorated as the economy entered its first recession since the early 1990s.
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 September of 2020. source: Australian Industry Group
Manufacturing PMI in Australia is expected to be 50.50 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 51.80 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.