PMI_Nov21_chart.JPG

Australian PMI®
Up 4.4 points
(seasonally adjusted)

54.8

Australian PMI®
Down 1.1 points
(trend)

50.9

 

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Next Release: 1 February 2022

November 2021 - Overview

Mild manufacturing rebound in November

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI®) rose by 4.4 points to 54.8 points, indicating improvement in average activity levels across manufacturing in November (seas. adj). This was the first month of improvement following three months of flat results for the Australian PMI®. Results above 50 points indicate expansion, with higher results indicating a faster rate of expansion.

All sectors in the Australian PMI® expanded except for chemicals, which indicated stable conditions in November (seasonally adjusted). Food & beverages rose sharply into growth mostly offsetting a large fall the previous month; metal products also saw a lift from contraction to expansion. Machinery & equipment and building materials reported a slight improvement from the previous month while growth in the ‘TCF, paper & printing’ sector moderated in November.

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