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.
The Australian Industry Group Performance of Manufacturing Index recorded a score of 43.8 for May, an improvement on the previous month but continuing the industry’s contraction for the 23rd straight month.
The Australian Industry Group – PwC Australian Performance of Manufacturing Index shows that the industry shrunk in November.
Industry leaders have commented on the pressures facing manufacturers, following yesterday’s poor PMI result.
The Australian Industry Group/PwC Performance of Manufacturing Index crept up five points to 45.3 for the month of August, but the sector continues to shrink.
Manufacturing growth across Europe and the US slowed during July, the latter reporting the second-weakest month of activity since the recession, according to statistics.
In worrying news for Australian manufacturers, industry activity dropped again during May, reaching its lowest level in nine months, according to an Australian Industry Group (Ai Group) report.