The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI®) edged 0.1 points higher to 61.8 points (seasonally adjusted), indicating expanding conditions in May and at a slightly faster pace than in April. This was the eighth consecutive month of recovery for the Australian PMI® following the severe disruptions of COVID-19 in Q2 of 2020. It was the highest monthly result since March 2018 and the fourth highest since the Australian PMI® commenced in 1992. Results above 50 points indicate expansion, with higher results indicating a faster rate of expansion.

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