Economics Resource Centre

Performance of Manufacturing Index - December 2019

Australian PMI®
Up 0.2 points
(seasonally adjusted)

48.3

Australian PMI®
Down 0.8 points
(trend)

49.6
 

Next Release: 3 February 2020

December 2019 - OVERVIEW

Manufacturing ends 2019 at a slower pace

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI®) increased by 0.2 points to 48.3 points, indicating that Australian manufacturing contracted at a slightly slower rate in December than in November (seasonally adjusted). Results below 50 points indicate contraction with lower results indicating a faster contraction in the month. This marks two consecutive months of contraction in the Australian PMI®, for the first time since mid-2015. The Australian PMI® is now just under 50 points in trend terms, indicating stable to mildly contractionary conditions on average for Australian manufacturers.

Across Australia’s manufacturing sectors, the food & beverages sector continues to report strong positive conditions, but in all other sectors the end of 2019 looked more challenging for Australian manufacturers.

 

Participate in the survey

Each survey takes no more than one minute to complete and provides you with access to last month's report.

Click here to participate

Back to top