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.

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Australia Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
41.60 35.80 62.50 29.47 1992 - 2020 points Monthly
SA


News Stream
Australia Manufactory PMI Improves
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.
2020-05-31
Australia Factory Activity Shrinks the Most in 11 Years
The Ai Group Australian Performance of Manufacturing Index plummeted to 35.8 in April 2020 from 53.7 in the previous month, pointing to the steepest contraction in eleven years. Both output and new orders fell at the sharpest pace on record amid business closures and lockdowns due to the coronavirus pandemic. In addition, employment and sales hit their lowest levels since the Great Financial Crisis. On the price front, input price accelerated boosted by higher cost of raw materials. Looking ahead, confidence weakened amid fears of extended social distancing measures.
2020-04-30
Australia Factory Activity Back to Expansion Boosted by Food & Grocery
The Ai Group Australian Performance of Manufacturing Index surprisingly jumped to 53.7 in March 2020 from 44.3 in the previous month. The reading pointed to the first expansion in factory activity in five months and the sharpest since September last year, mostly due to demand for food, groceries and personal care items as shoppers stock up on products amid the coronavirus pandemic. Output (+11.4 points to 51.8); new orders (+16.2 points to 57.9) and employment (+6.9 points to 56) rebounded into positive territory, led by food and other household-related consumable goods sectors. Sales increased 13.4 points to 56.5, while export orders rose slightly, still remaining in contraction territory (+0.1 points to 44.6). The index is likely to adjust ahead in a rapidly-changing environment. According to Ai Group Chief Executive Innes Willox, “later responses to the March survey were more likely to be negative than the earliest responses received.”
2020-03-31
Australia Factory Activity Contracts the Most in 5 Years
The Ai Group Australian Performance of Manufacturing Index fell to 44.3 in February 2020 from 45.4 in the previous month. The reading pointed to the steepest month of contraction in the manufacturing sector since March 2015, as the coronavirus outbreak disrupted global supply chains and hurt economic growth. In addition, drought conditions continued to be raised as a negative factor despite the rain in some parts of the country, while the fallout from the bushfires was again reported as disrupting activity. There were declines in production (down 4.8 points to 40.4), new orders (down 2.0 points to 41.7), sales (down 2.3 points to 43.1) and exports (down 5.3 points to 44.5), while the employment index was broadly stable (up 0.7 points to 49.1).
2020-03-01

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.