The Ai Group Australian Industry Index fell by 2.8 points to -14.7 in July 2023, remaining in contraction for a 15th consecutive month. There were declines in employment (-0.5 points to -11.5), new orders (-3.6 points to -19.4) and activity/sales (-6.4 points to -19.9). By sector, the manufacturing downturn deepened by 5.8 points to -25.6, marking the lowest score since May 2020, led down by the minerals & metals. Also, the construction sector shrank sharply by 19.8 points to return to contractionary territory (-9.2) pointing to the 13 consecutive months of contraction since July 2022. source: Australian Industry Group

Industry Index in Australia averaged -3.08 points from 2020 until 2023, reaching an all time high of 22.80 points in March of 2021 and a record low of -43.60 points in April of 2020. This page includes a chart with historical data for Australia Ai Group Industry Index. Australia Ai Group Industry Index - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Industry Index in Australia is expected to be -13.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Ai Group Industry Index is projected to trend around 11.00 points in 2024 and 6.00 points in 2025, according to our econometric models.

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Australia Ai Group Industry Index



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-04 11:00 PM Jun -11.9 -10.9 -14
2023-08-01 11:00 PM Jul -14.7 -11.9 -16
2023-09-06 11:00 PM Aug -14.7 -16

Australia Ai Group Industry Index
The Ai Group Australian Industry Index is a monthly index that measures changes in activity in Australia’s industrial sectors. It provides diffusion indices which measure rates of changes in the level of industrial activity – expansion, stability, or contraction. A positive reading indicates the activity is expanding; negative indicates contraction. The distance from 0 indicates the strength of the expansion or decline.
Actual Previous Highest Lowest Dates Unit Frequency
-14.70 -11.90 22.80 -43.60 2020 - 2023 points Monthly
SA

News Stream
Australian Industry Shrinks for 15-Month
The Ai Group Australian Industry Index fell by 2.8 points to -14.7 in July 2023, remaining in contraction for a 15th consecutive month. There were declines in employment (-0.5 points to -11.5), new orders (-3.6 points to -19.4) and activity/sales (-6.4 points to -19.9). By sector, the manufacturing downturn deepened by 5.8 points to -25.6, marking the lowest score since May 2020, led by contraction in the minerals and metals. Also, the construction sector shrank sharply by 19.8 points to return to contractionary territory (-9.2) pointing to the 13 consecutive months of contraction since July 2022.
2023-08-01
Australian Industry Contraction Deepens in June
The Ai Group Australian Industry Index dropped 1.1 points to to -11.9 in June 2023, remaining in contraction for a 14th consecutive month. There were declines in employment (-1.1 points to -11.0) and new orders (-7.3 points to -15.8), while activity fell at a slower pace (+3.2 points to -13.5). By sector, the manufacturing downturn deepened, led down by the chemicals industry, as well as the business service contraction. On the other hand, construction output rebounded after several poor months. Finally, price indicators all rose mildly in June, suggesting inflationary pressures are not yet over. The indicator of average wages surged by 11.6 points in the tight labor market.
2023-07-05
Australia Ai Group Industry Index Stays Contractionary
The Ai Group Australian Industry Index fell to -11.9 in June 2023 from -10.9 in May, remaining in contractionary conditions for fourteen months since the start of the current interest rate rising cycle. Employment, industrial activity and new orders indicators all continued to point towards contraction. The PMI manufacturing indicator also fell further into contraction, led down by the chemicals industry, while the PCI construction indicator recovered into expansion after several poor months. Meanwhile, price indicators all rose mildly in June, suggesting inflationary pressures are not yet over, and average wages surged by 11.6 points in the tight labor market. Elsewhere, capacity utilization fell marginally to 80.8%, reflecting ongoing labor and supply chain shortages.
2023-07-04