The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI®) stayed in strong expansionary territory at 60.8 points in July but eased by 2.4 points from the record high in June (seasonally adjusted). This indicated strong (but decelerating) growth for manufacturing activity in June, despite widespread lockdowns. This was the tenth consecutive month of recovery for the Australian PMI® following the severe disruptions of COVID-19 in 2020. Results above 50 points indicate expansion, with higher results indicating a faster rate of expansion.

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