Economics Resource Centre

Performance of Manufacturing Index - June 2020

Australian PMI®
Up 9.9 points
(seasonally adjusted)

51.5

Australian PMI®
Up 0.3 points
(trend)

45.0
 

Next Release: 3 August 2020

June 2020 - OVERVIEW

Manufacturing expands in June

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI®) moved into positive territory in June, increasing by 9.9 points to 51.5 points. Results above 50 points indicate expansion with higher results indicating a faster rate of expansion.

Parts of Australian manufacturing expanded mildly in June for the first time since February (seasonally adjusted). This indicates an improvement from the depths of April and May, rather than a recovery to buoyant conditions.

Across the sectors included in the Australian PMI, almost all of the improvement in June was concentrated in the large food and beverages sector. Food and beverage manufacturers said new orders from food wholesale distributors are improving, as trading restrictions are relaxed

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