Economics Resource Centre

Performance of Business Index - February 2020

Australian PBI®
Down 0.3 points
(seasonally adjusted)

46.3

Australian PBI®
Down 1.4 points
(trend)

46.6
 

Next Release: 7 April 2020

February 2020 - OVERVIEW

Business conditions falter in February 2020

The Australian Industry Group Australian Performance of Business Index (Australian PBI) slumped in December 2019 and sank further into contraction in January and February of 2020. Conditions and activity levels for businesses deteriorated as Australia moved into 2020. This reflects a summer marred by widespread drought, bushfire and (most recently) the escalation of China’s regional COVID-19 epidemic into a global pandemic.

The Australian PBI fell by 0.3 points to 46.3 points in February 2020 (seasonally adjusted). February was the third consecutive month below 50 points and the lowest monthly result since January 2019. Results below 50 points in the Australian PBI indicate deteriorating business conditions, with lower numbers indicating a faster pace of deterioration in the month.

 

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