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

March 2024: Industry improves into Easter

Key findings

  • The Australian Industry Index® strengthened in March, pointing to a steady recovery in industry across the first quarter of 2024.
  • In trend terms, all four Aii component indexes – activity/sales, employment, new orders and inputs – have been recovering since a low occurring at the end of 2023.
  • However, negative readings for sales and new orders continue to point to overall weak, if improving, conditions in Australian industry.
  • March saw mixed results in upstream manufacturing, but improvement in business services and consumer facing industries.
  • Input prices increased while sales and wage indicators dropped very slightly in March suggesting continuing margin pressure on businesses.

The contractionary conditions identified by the Ai Group Australian Industry Index® eased in March 2024, lifting by 9.5 points to -5.3 points (seasonally adjusted). The index has indicated contraction for the last twenty-three months.


Economic Intelligence newsletter

April 2024

In the April edition of Economic Intelligence we cover:

  • Has Australia’s labour market turned a corner?Our Research Note goes behind the headline unemployment numbers to show that Australia’s labour market is decidedly slowing already
  • Tracking Australian industry Inflation continues its march down, household spending still weak, real wage growth finally returns, vacancies continue to moderate, a multi-speed economic slowdown, and the working age population finally recovers
  • Economic forecasts OECD forecasts inflation to decline quicker, yet geopolitcal risks remain elevated while the ongoing affects of higher interest rates continue to weigh on growth.

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.