The S&P Global Australia Manufacturing PMI was revised lower to 51.3 in November of 2022 from a preliminary of 51.5 and below 52.7 in October. The latest reading pointed to the slowest rate of expansion in the country's manufacturing sector since June 2020. New orders and output rose at slower rates which led to lower inventory holdings and a weaker rise in employment levels Turning to prices, both input costs and output prices rose in November, but inflation rates were the weakest in 21- and 19 months respectively. Finally, sentiment in the Australian manufacturing sector remained positive in November, although the level of business confidence slumped to the lowest since April 2020. source: Markit Economics

Industrial Sentiment in Australia averaged 54.24 points from 2016 until 2022, reaching an all time high of 60.40 points in May of 2021 and a record low of 44.00 points in May of 2020. This page provides - Australia Commonwealth Bank Manufacturing PMI- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia S&P Global Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.

Industrial Sentiment in Australia is expected to be 52.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia S&P Global Manufacturing PMI is projected to trend around 52.50 points in 2023 and 54.50 points in 2024, according to our econometric models.

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Australia S&P Global Manufacturing PMI



Calendar GMT Actual Previous Consensus TEForecast
2022-11-22 10:00 PM S&P Global Manufacturing PMI Flash Nov 51.5 52.7 52.2
2022-11-30 10:00 PM S&P Global Manufacturing PMI Final Nov 51.3 52.7 51.5
2022-12-15 10:00 PM S&P Global Manufacturing PMI Flash Dec 51.3


Related Last Previous Unit Reference
Composite PMI 47.70 49.80 points Nov 2022
Services Sentiment 47.20 49.30 points Nov 2022
Industrial Sentiment 51.30 52.70 points Nov 2022

Australia S&P Global Manufacturing PMI
The S&P Global Manufacturing PMI is based on data compiled from monthly replies to questionnaires sent to a representative panel of purchasing executives in over 400 private sector manufacturing firms in Australia. The panel is stratified by GDP and company workforce size. The manufacturing sector is divided into the following nine broad categories: Food & Drink, Textiles & Clothing, Wood & Paper, Chemicals, Plastics & Rubber, Metals & Metal Products, Electronic & Electrical Equipment, Machinery & Equipment, Transport Equipment and Other Manufacturing. 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.
Actual Previous Highest Lowest Dates Unit Frequency
51.30 52.70 60.40 44.00 2016 - 2022 points Monthly
SA

News Stream
Australia Manufacturing PMI Revised Lower: S&P Global
The S&P Global Australia Manufacturing PMI was revised lower to 51.3 in November of 2022 from a preliminary of 51.5 and below 52.7 in October. The latest reading pointed to the slowest rate of expansion in the country's manufacturing sector since June 2020. New orders and output rose at slower rates which led to lower inventory holdings and a weaker rise in employment levels Turning to prices, both input costs and output prices rose in November, but inflation rates were the weakest in 21- and 19 months respectively. Finally, sentiment in the Australian manufacturing sector remained positive in November, although the level of business confidence slumped to the lowest since April 2020.
2022-11-30
Australia Manufacturing Growth Slows to 29-Month Low
The S&P Global Australia Manufacturing PMI posted 51.5 in November, down from a final reading of 52.7 in October, a preliminary estimate showed. This marked the thirtieth successive month in which conditions in the manufacturing sector strengthened, but the latest improvement was the softest since June 2020. Production growth was supported by higher new orders in November, albeit both slowing from the prior month. Anecdotal evidence suggested that new client wins and improvements in demand underpinned the expansion in activity. In turn, manufacturers continued to increase their workforce capacity.
2022-11-22
Final Australian Manufacturing PMI at 14-Month Low
The S&P Global Australia Manufacturing PMI fell to 52.7 in October 2022 from 53.5 in September, the lowest since August of 2021. Manufacturing production growth was supported by higher new orders as better market demand, including international demand, underpinned the rise in order book volumes. That said, the rate of growth of both output and new orders slowed at the start of Q4. As a result of the slowdown in demand growth, manufacturers turned cautious with their purchasing activity. Firms nevertheless continued to expand their workforce capacity at a solid pace while citing difficulties in acquiring skilled labor. On prices, both input costs and output prices rose, though at slower rates compared to the prior month. Looking ahead, manufacturers are broadly optimistic that output will continue to grow though the level of business confidence further fell from September.
2022-10-31