Economics Resource Centre

Performance of Manufacturing Index - January 2020

Australian PMI®
Down 2.9 points
(seasonally adjusted)

45.4

Australian PMI®
Down 1.4 points
(trend)

47.0
 

Next Release: 2 March 2020

January 2020 - OVERVIEW

Manufacturing stumbles into 2020

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI®) fell a further 2.9 points to 45.4 points in January (seasonally adjusted). This is the lowest monthly result since 2015 and indicates that Australian manufacturing contracted at a faster pace in January than in December. Results below 50 points indicate contraction with lower results indicating a faster pace of contraction in the month.

January is traditionally the slowest month for Australian manufacturing, but the start to 2020 was even slower than usual. All manufacturing sectors reported weaker conditions in January compared to December and only the food & beverage sector reported expanding conditions.

 

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