PMI

The Australian PMI moved back into the black in June, increasing by 9.9 points to 51.5 (readings above 50 points indicate expansion in activity, with higher results indicating a faster rate of expansion), according to the AiGroup. The June result comes in the wake of April’s largest ever monthly fall in the Australian PMI. However, … Continue reading Manufacturing goes positive again for June →

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) recovered by 5.8 points to 41.6 in May, after experiencing the largest single-month drop in the index’s history in April (readings below 50 points indicate contraction in activity, with lower results indicating a faster rate of contraction). The manufacturing industry remained in deep contraction … Continue reading Australian PMI: Manufacturing contraction eases in May →

The manufacturing sector’s resilience will enable it to bounce back despite the bushfire crisis and ongoing drought contributing to the sector’s contraction and the lowest Performance of Manufacturing Index (PMI) results since 2015, according to Ai Group.  However, things are unlikely to improve as the coronavirus outbreak threatens to dent demand for Australian exports. “Many … Continue reading January PMI sees resilience of Australian manufacturers put to test →

The performance of the Australian manufacturing sector improved slightly in December, but remained in negative territory. December was the second month in a row of contraction in the Australian manufacturing sector, with the Australian Industry Group (Ai Group) Performance of Manufacturing Index (PMI) recording a figure of 48.3 points. This marks the first time since … Continue reading December PMI shows impact of economy on manufacturing →

Chinese manufacturing has risen across the sector in November. In data released by the Caixin Insight Group and IHS Markit, the aggregate purchasing managers’ index rose at the fastest pace since December 2016. The figure rose from 51.7 in October to 51.8 in November. Other indicators also improved in November, with overseas sales rising for … Continue reading Chinese PMI indicates global growth →

The performance of the Australian manufacturing sector has dipped into negative territory, with the November Australian Industry Group Performance of Manufacturing Index (Australian PMI) falling to 48.1. The figure was 3.5 points below the October figure and was the lowest reading since August 2016. Calling for the federal government to take greater action on lifting … Continue reading Manufacturing PMI indicates sector contraction →

The Australian manufacturing sector has remained in positive territory for the month of October, with the Australian Industry Group Performance of Manufacturing Index (Australian PMI) coming in at 51.6. This indicator of expansion in the sector remains positive, despite a 3.1 point drop from the previous month. According to Ai Group, an earlier-than-expected boom in … Continue reading Food and beverage keeps manufacturing positive →

The International Monetary Fund (IMF) has released a dreary global outlook for the world economy, and the fate of manufacturing lies at the heart of future projections. Noting that slowdowns in manufacturing around the globe has been part of sluggish growth in 2019, the sector that is of most concern is the automobile manufacturing industry, … Continue reading Australia bucks global manufacturing downturn →

The Australian manufacturing sector has picked up again after a run of slower months, rising 1.6 points in the September Australian Performance of Manufacturing Index (PMI). Employment and new orders rose, buoyed by growth in the food and beverage and machinery and equipment sector. In addition, manufacturers who supply the mining and defence sectors reported … Continue reading Employment and new orders drive positive PMI →

The Australian Industry Group (Ai Group) Australian Performance of Manufacturing Index (Australian PMI) climbed again in August, for the second month in a row. After rising 1.8 points above July levels, the index read 53.1 in August. According to Ai Group, the stronger numbers were driven increasing production and rising exports. The Australian PMI bucks … Continue reading Australian PMI continues positive position →

The Australian Industry Group’s (Ai Group) Australian Performance of Manufacturing Index (Australian PMI) has remained in expansionary territory at 52.7 points in May. It marks the 33rd consecutive month of stability and reading over the 50-point mark. Despite its positive streak, the PMI has dipped 2.1 points from the previous month, indicating a slower rate … Continue reading Australia PMI recovery slows in May →

The Australian Industry Group (AI Group), Australian Performance of Manufacturing Index (Australian PMI) has risen by 3.8 points to 54.8 in April, marking the fastest growth across the manufacturing sector. The monthly PMI survey revealed that four of the six manufacturing sectors recording results above 50, led by food and beverage sector up (1.6 points … Continue reading Manufacturing performance lifts in April →

The Australian manufacturing sector started Q2 on a solid note, with the Commonwealth Bank Manufacturing Purchasing Managers Index (PMI) running above average in April. The PMI stepped up by 1.1 points in April to 55.5 from 54.3 in March. Business conditions in the sector improved markedly, with renewed acceleration in production growth. The rise in new business was attributed to … Continue reading CBA manufacturing PMI indicates growth in April →

Australia’s manufacturing sector has extended its longest run of expansion to 18th month in March, with Ai Group’s Performance of Manufacturing Index (Australian PMI) jumping by 5.6 points to a record high of 63.1. According to Ai Group’s latest readings, all seven activity sub-indexes in the Australian PMI expanded for the fifth consecutive month, with new … Continue reading Manufacturing performance index at record high →

The Victorian Government has welcomed new industry figures by the Australian Industry Group’s (Ai Group) showing Victorian manufacturing continues to thrive. The Ai Group’s monthly Performance of Manufacturing Index (PMI) for Victoria rose 2.9 points to 57.6 points in October. Victoria’s PMI has experienced solid expansion over the last nine months and the states local manufacturing sector remains one … Continue reading Victorian manufacturing continues to thrive: Vic Government →

According to the Ai Group, Australia’s PMI fell by 5.6 points to 54.2 in September, indicating a deceleration in growth after August’s spike to a 15-year high (readings above 50 indicate expansion in activity, with the distance from 50 indicating the strength of the increase) at 59.8. Ai Group chief executive, Innes Willox said, “This … Continue reading Manufacturing in Australia slows down after record month →

The Australian Industry (Ai) Group’s Performance of Manufacturing Index (PMI) inched 0.2 points higher to 55.0 in June – a ninth consecutive month of expansion for the manufacturing sector. “Sales, exports and production all lifted and growth was widespread across the sector,” said Ai Group chief executive, Innes Willox. There was higher activity in the … Continue reading PMI: Australian manufacturing continues to expand →

The Australian Performance of Manufacturing Index (PMI) has remained in expansionary territory for the eighth consecutive month in May. The pace of expansion has eased by 4.4 points to 54.8, however, indicating a slower pace of growth than last month. This month’s key findings: All seven activity sub-indexes in the Australian PMI expanded in May, … Continue reading PMI: Australian manufacturing continues on growth streak →

Australia’s manufacturing sector has returned to growth by a slim margin, according to the Australian Industry Group’s Performance of Manufacturing Index.

The overall Performance of Manufacturing Index was down slightly in June, falling 0.3 points to 48.9.