Ai Group Australian Industry Index®

The Ai Group Australian Industry Index® is representative of the modern industrial ecosystem. It brings together the manufacturing, construction, engineering, technology and business services sectors – industries which together account for 36% of the Australian economy.

Recognising the heritage and importance of the Australian PMI® and Australia PCI®, both will continue as sub-indicators available within the Ai Group Australian Industry Index®, however, there will no longer be separate release dates for these indexes.

The Ai Group Australian Industry Index® is regularly published on the first working Wednesday of each month (or the following working day if the Wednesday is a national holiday): Australian Industry Index release dates 2024

June 2024: Cost pressures accelerate in June

Key findings

  • The Ai Group Australian Industry Index® eased in June but continued to point towards contractionary conditions.
  • The activity/sales, new orders and employment indicators all rebounded after a very weak May, but remain in negative territory.
  • The input prices and wages indicators both materially jumped in June, pointing to persistent cost and inflation pressures in industry.
  • Food manufacturing was the only subindustry to report expansion, while the contraction in construction and chemicals eased
  • Capacity utilisation lifted marginally to 76.5%, reflecting ongoing supply side pressures, particularly for labour.

The contractionary conditions in the Ai Group Australian Industry Index® continued but eased in June 2024, lifting 14.7 points to -25.6 points (seasonally adjusted). The index has indicated contraction for the last twenty-six months.

Economic Intelligence newsletter

June 2024

In the June edition of Economic Intelligence we cover:

  • Inside the engine-room of Australia’s innovative businesses: our Research Note investigates Australia’s innovative strategies and barriers in the way of businesses.
  • Tracking Australian industry: GDP growth declined, public wage growth returned to trend, increasing unemployment, job creation shifted towards part-time, household spending dropped by half while business turnover recovered.
  • Economic forecasts IMF forecasts Australian growth will slip in 2024, while inflation is expected ease faster for advanced economies compares to emerging markets.

Detailed Index Data

Our reports and time series data for the Ai Group Australian Industry Index® are available free of charge to Ai Group members at any time via email from our economics research team Our data are available to non-members on an annual subscription basis or a one-off purchase. Our data subscribers receive the report and time series data for the activity index, sector and selected states via email each month.

Email us to find out more about purchasing data

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The Australian Industry Group is the peak membership body for Australian industry, linking you to the insights, services and expertise you need to be successful. As a member of Ai Group, you are part of a powerful, credible and experienced industry community.