Australia Manufacturing PMI

Last Release

Jul 31, 2024

Actual

47.5

Units In

Points

47.2

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
63.2 Jun 2021	-17.1 Jan 2023	50.45 Points	1992-2024	Australian Industry Group

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.

Latest Updates

The Judo Bank Australia Manufacturing PMI was reported at 49.4 in November, from 47.3 in October, remaining in contraction for the 10th month, although the pace of decline softened to its slowest in six months. New orders continued to fall, contributing to weaker business activity, while manufacturing output extended its two-year streak of monthly declines. However, export orders saw a slight uptick, offering some relief to the sector. Input price pressures eased, with manufacturing cost inflation reaching its lowest level since June 2023. Firms reported reduced costs for materials such as grains and aluminum, while output price inflation also slowed, reflecting a softer pace of cost pass-through to customers. Despite the challenges, backlogs of work decreased at a faster rate, suggesting less strain on business capacity. This softer contraction in manufacturing activity was accompanied by slower job creation.