The Judo Bank Australia Manufacturing PMI fell to 49.4 in August 2023 from 48.6 in July, indicating the sixth month of contraction in the manufacturing sector due to further deterioration in business conditions across the sector. Fewer new orders led to manufacturing output to shrink that resulted in lower purchasing activity, while average hiring levels continued to rise alongside sentiment about the 12-month outlook for production. In contrast, input cost inflation increased, albeit below the series average and manufacturers shared their increased cost burdens with their clients, leading to a faster increase in output prices. The level of business confidence among Australian manufacturers stood at the highest since February. source: Markit Economics

Manufacturing PMI in Australia averaged 53.72 points from 2016 until 2023, reaching an all time high of 60.40 points in May of 2021 and a record low of 44.00 points in May of 2020. This page provides the latest reported value for - Australia Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Judo Bank Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Manufacturing PMI in Australia is expected to be 49.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Judo Bank Manufacturing PMI is projected to trend around 54.20 points in 2024 and 53.60 points in 2025, according to our econometric models.

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Australia Judo Bank Manufacturing PMI



Related Last Previous Unit Reference
Services PMI 46.70 47.90 points Aug 2023
Manufacturing PMI 49.40 49.60 points Aug 2023

Australia Judo Bank Manufacturing PMI
The Judo Bank Australia Manufacturing PMI is compiled by S&P Global from responses to monthly questionnaires sent to purchasing managers in a panel of around 400 manufacturers. The headline figure is the Purchasing Managers’ Index (PMI), which is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease.
Actual Previous Highest Lowest Dates Unit Frequency
49.40 49.60 60.40 44.00 2016 - 2023 points Monthly
SA

News Stream
Australian Manufacturing PMI at 2-Month Low
The Judo Bank Australia Manufacturing PMI fell to 49.4 in August 2023 from 48.6 in July, indicating the sixth month of contraction in the manufacturing sector due to further deterioration in business conditions across the sector. Fewer new orders led to manufacturing output to shrink that resulted in lower purchasing activity, while average hiring levels continued to rise alongside sentiment about the 12-month outlook for production. In contrast, input cost inflation increased, albeit below the series average and manufacturers shared their increased cost burdens with their clients, leading to a faster increase in output prices. The level of business confidence among Australian manufacturers stood at the highest since February.
2023-08-22
Australian Manufacturing PMI Hits 5-Month High
The Judo Bank Australia Manufacturing PMI rose to 49.6 in July 2023 from 48.2 in June, signaling a fifth monthly decline in manufacturing activity since the start of 2023, but to the softest extent in the current sequence and was marginal overall. There were signs of stabilization, with a shallower contraction in new orders, coupled with the clearance of backlogged work thanks to support from greater staffing levels. Firms also reduced their purchasing activity and inventory holdings at slower rates over the latest survey period. This occurred as business confidence improved in July, with firms retaining hopes for better sales to drive output growth in the coming 12 months. Meanwhile, price pressures worsened slightly, though overall levels of inflation remained subdued by historical standards.
2023-07-31
Australian Manufacturing PMI Hits 5-Month High
The Judo Bank Flash Australia Manufacturing PMI rose to 49.6 in July 2023 from 48.2 in June, posting the highest reading in five months, but continuing to signal deteriorating business conditions across the sector. Helping to alleviate the deterioration in the overall health of the sector was a renewed rise in manufacturing production, the first in eight months. Total new orders and new export business both declined again in July, but at reduced rates amid some signs of demand stabilization. Meanwhile, the pace of input cost inflation ticked higher at the start of the third quarter but remained relatively muted. Finally, business confidence strengthened slightly since the previous survey period.
2023-07-23