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 2023, Australian Industry Index release dates 2024

November 2023: Consumer-facing industries contract

Key findings

  • The Ai Group Australian Industry Index® sank deeper into contraction in November on the back of falling demand and activity.
  • The activity/sales, new orders and input volumes indicators all materially fell in the month. Employment increased marginally.
  • November is the lowest Aii reading since June 2020. On a trend basis, all four activity indicators point to contractionary conditions.
  • Upstream manufacturers showed improvement, but consumer facing industries (food and construction) posted large declines.
  • November saw a modest increase in input costs, but a decline in sales price and average wage indicators.

The Ai Group Australian Industry Index® fell in November 2023, dropping 12.5 points to -22.4 points (seasonally adjusted). This indicates strongly contractionary conditions. The index has indicated contraction for the last nineteen months.


Economic Intelligence newsletter

November 2023

In the November edition of Economic Intelligence we cover:

  • Australia’s declining business R&D performance - our November Research Note explains why Australia’s business R&D performance has been falling for a decade, and how we can start to turn it around.
  • Tracking Australian industry - Employee households face highest living cost stress, household spending has stabilised, secondary industry under pressure, wages growth surges, SA leads the states, the labour market has begun to weaken.
  • Q&A with AustralianSuper - The Investment Team at AustralianSuper share insights on the current investment landscape.
  • Economic forecasts - RBA forecasts the economy will slow in short term, while inflation remain higher for longer than expected.

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.

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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.