The IHS Markit Australia Manufacturing PMI was revised higher to 56.9 in February of 2021 from a preliminary estimate of 56.6, still below January's 37-month high of 57.2. Output and new orders increased for an eighth consecutive month, although at a softer pace compared to January, while supply shortages and a further drop in exports were the main drag. On the price front, input cost soared at a record rate amid higher shipping and raw material prices, which, in turn, drove output cost to a level not seen since the survey began. Finally, business expectations for the year ahead improved to a two-year high in February amid prospects for a swifter economic recovery. source: Markit Economics

Industrial Sentiment in Australia averaged 53.44 points from 2016 until 2021, reaching an all time high of 57.20 points in December of 2016 and a record low of 44 points in May of 2020. This page provides - Australia Commonwealth Bank Manufacturing PMI- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Markit Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.

Industrial Sentiment in Australia is expected to be 55.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Sentiment in Australia to stand at 55.30 in 12 months time. In the long-term, the Australia Markit Manufacturing PMI is projected to trend around 54.50 points in 2022, according to our econometric models.

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Australia Markit Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
56.90 57.20 57.20 44.00 2016 - 2021 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-21 10:00 PM Markit Manufacturing PMI Flash Jan 57.2 55.7 55.1
2021-01-31 10:00 PM Markit Manufacturing PMI Final Jan 57.2 55.7
2021-02-18 10:00 PM Markit Manufacturing PMI Flash Feb 56.6 57.2 57.3 56
2021-02-28 10:00 PM Markit Manufacturing PMI Final Feb 56.9 57.2 56.6
2021-03-23 10:00 PM Markit Manufacturing PMI Flash Mar 56.9 56.2
2021-03-31 10:00 PM Markit Manufacturing PMI Final Mar 56.9
2021-04-22 11:00 PM Markit Manufacturing PMI Flash Apr
2021-05-02 11:00 PM Markit Manufacturing PMI Final Apr


News Stream
Australia Manufacturing PMI Revised Higher
The IHS Markit Australia Manufacturing PMI was revised higher to 56.9 in February of 2021 from a preliminary estimate of 56.6, still below January's 37-month high of 57.2. Output and new orders increased for an eighth consecutive month, although at a softer pace compared to January, while supply shortages and a further drop in exports were the main drag. On the price front, input cost soared at a record rate amid higher shipping and raw material prices, which, in turn, drove output cost to a level not seen since the survey began. Finally, business expectations for the year ahead improved to a two-year high in February amid prospects for a swifter economic recovery.
2021-02-28
Australia Manufacturing PMI Retreats
The IHS Markit Australia Manufacturing PMI decreased to 56.6 in February 2021, down from January's 37-month high, preliminary data showed. New orders grew further despite a decline in exports, while employment rose for the fourth month. Meanwhile, suppliers' delivery times lengthened substantially again amid global shipping issues. Supply problems led to a near-record jump in input costs, while the rate of output price inflation was the fastest since data collection began in May 2016.
2021-02-18
Australia Manufacturing PMI Hits Highest Since 2016
The IHS Markit Manufacturing PMI in Australia rose to 57.2 in January of 2021 from 55.7 in December and in line with preliminary estimates. It was the joint-highest reading since the survey began in May of 2016, matching the prior peak recorded in December of 2016. Output jumped at the fastest pace in over three years as the economic recovery gained traction, while new orders showed the largest gain since December of 2017. On the price front, input costs surged to a record high, forcing producers to increase their selling prices again. Finally, firms remained optimistic about the business outlook amid expectations for output growth in 2021.
2021-01-31
Australia Manufacturing PMI Gains Steam
Markit’s Purchasing Managers Index in manufacturing for Australia increased to 57.2 points in January from 55.7 in December, preliminary data showed. Goods producers enjoyed the fastest expansions in both sales and production in over three years. On the flip side, new orders in exports were down for the fourth straight month. Meanwhile, inflationary pressures intensified, with input costs rising at the quickest pace since data collection started in early 2016, while the increase in charges was the highest since last March.
2021-01-21

Australia Markit Manufacturing PMI
The IHS Markit Manufacturing PMI is based on data compiled from monthly replies to questionnaires sent to a representative panel of purchasing executives in over 400 private sector manufacturing firms in Australia. The panel is stratified by GDP and company workforce size. The manufacturing sector is divided into the following nine broad categories: Food & Drink, Textiles & Clothing, Wood & Paper, Chemicals, Plastics & Rubber, Metals & Metal Products, Electronic & Electrical Equipment, Machinery & Equipment, Transport Equipment and Other Manufacturing. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.