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

December / January 2024: Demand conditions weaken into new year

Key findings

  • The Ai Group Australian Industry Index® sank deeper into contraction in Dec/Jan due to weakening demand.
  • The new orders and activity/sales indicators both fell to their lowest readings since early 2020.
  • This indicates that a similar share of industrial businesses are reporting declining demand to that seen during the pandemic lockdowns in early 2020
  • Most sub-industries saw reduced performance in Dec/Jan, except food manufacturing and construction which both posted rebounds.
  • The price indicators continued to rise over the holidays, showing that industrial goods inflation remains broad based.

The Ai Group Australian Industry Index® fell in December/January 2024, dropping 4.9 points to -27.3 points (seasonally adjusted). The index has indicated contraction for the last twenty-one months.


Economic Intelligence newsletter

February 2024

In the February edition of Economic Intelligence we cover:

  • Measuring progress in the energy transition - our Research Note explains why Australia’s decarbonisation strategy will be one of our most significant economic transitions, and how our progress is tracking.
  • Tracking Australian industry - GDP growth stayed level, inflation pressure slowed down, working age population has rebounded, new job creation declines, retail downturn indicates consumer weakness, productivity fell last year.
  • Q&A with AustralianSuper - The Investment Team at AustralianSuper share insights on the outlook for the economy ahead.
  • Economic forecasts - RBA forecasts the economy will slow in short term due to inflation and higher interest rates continue to weigh on demand

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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Need help?

The Workplace Advice Line is Ai Group’s national telephone advisory service for all your on the spot workplace related questions.

Call the Workplace Advice Line
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(Overseas: +61 3 9867 0100). Email:

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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.