Economics Resource Centre

Performance of Business Index - January 2020

Australian PBI®
Down 0.8 points
(seasonally adjusted)

46.6

Australian PBI®
Down 0.6 points
(trend)

48.8
 

Next Release: 10 March 2020

January 2020 - OVERVIEW

Business conditions slump in summer 2020

The Australian Industry Group Australian Performance of Business Index (Australian PBI) slumped in December 2019 and sank further into contraction in January 2020. Conditions and activity levelsfor businesses deteriorated as Australia moved into 2020. This reflects a summer marred by widespread drought, bushfire and (more recently) escalating responses to the risk of a global coronavirus pandemic.

The Australian PBI fell by a further 0.8 points to 46.6 points in January 2020, after dropping by 3.9 points to 47.4 points in December 2019 (seasonally adjusted). 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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