The IHS Markit Australia Manufacturing PMI rose to a three-month high of 57.3 in September 2021 from a final reading of 52 in the prior month, preliminary data showed. Output and new orders returned to growth after a brief month of contraction in August as manufacturers reported to have better adapted to ongoing COVID-19 conditions. Improved demand meanwhile drove firms to hire staff and acquire inputs at faster rates in September. That said, supply constraints simultaneously intensified with suppliers' delivery times having lengthened at the fastest pace since the April 2020 survey record. Shortages of inputs and delivery delays also led to increased price pressures for manufacturers as input price inflation accelerated to the fastest on record. Overall optimism amongst manufacturers nevertheless sustained in September, with business confidence having risen to the highest since June. source: Markit Economics
Industrial Sentiment in Australia averaged 53.88 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 September of 2021.
Industrial Sentiment in Australia is expected to be 60.00 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 2022, according to our econometric models.