Down 9.2 points
Down 1.5 points
Next Release: 1 October 2021
The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI®) dropped by 9.2 points to 51.6 points, indicating extremely weak expansion across manufacturing in August and effectively pausing a solid period of recovery throughout 2021 (seasonally adjusted). Although remaining very mildly positive, this was the weakest monthly result for the Australian PMI® since September 2020. Results above 50 points indicate expansion, with higher results indicating a faster rate of expansion.
The activity indexes in the Australian PMI® indicate that in August, average sales and production levels paused but exports and deliveries from suppliers both contracted (results below 50 points). Forward orders and inventories continued to expand, suggesting that sales are being delayed.