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Australian PMI®
Up 0.2 points
(seasonally adjusted)
Australian PMI®
Down 0.8 points
(trend)
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Next Release: 3 February 2020
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.
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