The IHS Markit Australia Manufacturing PMI was revised higher to 57.7 in November of 2021 from a preliminary of 57.4, and decreasing to a three-month low. Despite the decrease, it remained above 50 and still points to a growth in the manufacturing sector, the nineteenth in a row. Demand and output rose at slower rates, as did purchasing activity. However, the rate of job creation was unchanged. Supply constraints persisted, with longer lead times recorded, contributing to higher backlogged orders. Price pressures meanwhile climbed to a record level, though Australian manufacturers continued to hold a positive outlook. Still, overall sentiment remained positive amongst Australian manufacturers with hopes of continued growth, although the level of business confidence has slipped from the recorded in November as concerns over supply issues and prices trends mounted. source: Markit Economics

Industrial Sentiment in Australia averaged 54.08 points from 2016 until 2021, reaching an all time high of 60.40 points in May of 2021 and a record low of 44 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 Markit Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

Industrial Sentiment in Australia is expected to be 56.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Markit Manufacturing PMI is projected to trend around 54.50 points in 2023, according to our econometric models.

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Australia Markit Manufacturing PMI


Calendar GMT Actual Previous Consensus TEForecast
2021-12-15 10:00 PM Markit Manufacturing PMI Flash Dec 57.4 59.2 59.4
2022-01-03 10:00 PM Markit Manufacturing PMI Final Dec 57.7 59.2 57.4
2022-01-23 10:00 PM Markit Manufacturing PMI Flash Jan 57.7 57


Related Last Previous Unit Reference
Composite PMI 54.90 55.70 points Dec/21
Services Sentiment 55.10 55.70 points Dec/21
Industrial Sentiment 57.70 59.20 points Dec/21

News Stream
Australia IHS Markit Manufacturing PMI Revised Higher
The IHS Markit Australia Manufacturing PMI was revised higher to 57.7 in November of 2021 from a preliminary of 57.4, and decreasing to a three-month low. Despite the decrease, it remained above 50 and still points to a growth in the manufacturing sector, the nineteenth in a row. Demand and output rose at slower rates, as did purchasing activity. However, the rate of job creation was unchanged. Supply constraints persisted, with longer lead times recorded, contributing to higher backlogged orders. Price pressures meanwhile climbed to a record level, though Australian manufacturers continued to hold a positive outlook. Still, overall sentiment remained positive amongst Australian manufacturers with hopes of continued growth, although the level of business confidence has slipped from the recorded in November as concerns over supply issues and prices trends mounted.
2022-01-03
Australia Manufacturing PMI at 3-Month Low
The IHS Markit Australia Manufacturing PMI decreased to a three-month low of 57.4 in December 2021 from 59.2 in the prior month, preliminary data showed. Still, despite the decline, it was comparable with the average of 2021 as a whole. Growth of manufacturing output and new orders both decelerated in December but remained at marked levels amid the further easing of COVID-19 restrictions in Australia. In turn, both employment levels and buying activity continued to expand with the former rising at a faster pace. Supply constraints persisted in the manufacturing sector with suppliers' delivery times continuing to lengthen amid shortages and shipping delays, according to panelists.
2021-12-15
Australia IHS Markit Manufacturing PMI Revised Higher
The IHS Markit Australia Manufacturing PMI was revised higher to 59.2 in November of 2021 from a preliminary of 58.5, pointing to the strongest expansion in factory activity in 6 months, as COVID-19 restrictions eased further in many parts of the country. Demand and production expanded at faster rates, while suppliers’ delivery times deteriorated sharply, leading to an accumulation of backlogged work and increased price pressures. Also, new export orders improved as well with COVID-19 restrictions easing abroad, though the rate of growth fell amidst ongoing shipping issues. The Australian manufacturers also sustained a positive view for the future output as growth gained momentum with the Covid-19 Delta wave subsided. However, business confidence dipped to a level below the series average as some firms are concerned with supply chain issues impacting future production. Meanwhile, although employment continued to grow it happened at a slower pace than observed in October.
2021-11-30

Australia Markit Manufacturing PMI
The IHS Markit 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.