The Commonwealth Bank Manufacturing PMI in Australia rose to 54 points in July of 2020, up from a preliminary estimate of 53.4 and June's 51.2, and its highest reading since December of 2018. Output expanded for the first time in almost a year, and new orders returned to growth, with businesses returning to work as the economy gradually reopened. Backlogs of work increased for the first time in just over a year, but job shedding persisted in July. On the price front, input prices rose at a softer rate while output charges were only marginally increased.

Industrial Sentiment in Australia averaged 53.14 points from 2016 until 2020, 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 Commonwealth Bank Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Markit Economics

Industrial Sentiment in Australia is expected to be 51.80 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 52.50 in 12 months time. In the long-term, the Australia Commonwealth Bank Manufacturing PMI is projected to trend around 52.70 points in 2021 and 53.50 points in 2022, according to our econometric models.

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Australia Commonwealth Bank Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
54.00 51.20 57.20 44.00 2016 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-22 11:00 PM CommBank Manufacturing PMI Flash Jun 49.8 44 49.3 48
2020-06-30 11:00 PM CommBank Manufacturing PMI Final Jun 51.2 44 49.8 49.8
2020-07-23 11:00 PM CommBank Manufacturing PMI Flash Jul 53.4 51.2 53.6 54
2020-08-02 11:00 PM CommBank Manufacturing PMI Final Jul 54 51.2 53.4 53.4
2020-08-20 11:00 PM CommBank Manufacturing PMI Flash Aug 54
2020-08-31 11:00 PM CommBank Manufacturing PMI Final Aug 54
2020-09-22 11:00 PM CommBank Manufacturing PMI Flash Sep 51.8
2020-09-30 11:00 PM CommBank Manufacturing PMI Final Sep 51.8


News Stream
Australia Factory Activity Expands the Most Since 2018
The Commonwealth Bank Manufacturing PMI in Australia rose to 54 points in July of 2020, up from a preliminary estimate of 53.4 and June's 51.2, and its highest reading since December of 2018. Output expanded for the first time in almost a year, and new orders returned to growth, with businesses returning to work as the economy gradually reopened. Backlogs of work increased for the first time in just over a year, but job shedding persisted in July. On the price front, input prices rose at a softer rate while output charges were only marginally increased.
2020-08-02
Australia Factory Activity Continues to Recover in July
The Commonwealth Bank Manufacturing PMI in Australia increased to 53.4 in July 2020 from 51.2 in the previous month, but slightly below market forecasts of 53.6. The reading pointed to the steepest expansion in factory activity since January last year, as businesses continued to resume operations following coronavirus lockdown restrictions. Output rose and new orders returned to growth. In addition, the job shedding rate eased to a four-month low while new export orders continued to drop sharply. Coronavirus disruption also remained evident in supply chains, with delivery times lengthening markedly again.
2020-07-24
Australia Factory Activity Back to Growth in June
The Commonwealth Bank Manufacturing PMI in Australia rose to 51.2 in June 2020 from a preliminary estimate of 49.8 and May's all-time low of 44. The latest reading pointed to the steepest expansion in factory activity since July last year, amid a further loosening of coronavirus lockdown restrictions, benefiting particularly consumer goods producers. The downturn in sales eased considerably in June, with new orders falling only marginally following unprecedented rates of decline in the previous two months. Meanwhile, the job shedding continued as firms operated below capacity. On the price front, input costs re-accelerated to the highest clip in two years, with firms only able to partially pass on these higher cost to clients. Finally, sentiment improved to a 16-month high.
2020-06-30
Australia Factory Activity at 4-Month High in June
The Commonwealth Bank Manufacturing PMI in Australia rose to 49.8 in June of 2020 from an all-time low of 44 in May and beating market expectations of 49.3, a flash estimate showed. The latest reading pointed to the weakest contraction in four months, amid a further loosening of coronavirus lockdown restrictions. Output, new orders and exports declined at a softer pace. Meanwhile, the job shedding rate remained sharp as firms operated below capacity. On the price front, input cost inflation quickened to a two-year high and output charges rose. Finally, sentiment improved to a 16-month high amid hopes of an economic recovery.
2020-06-22

Australia Commonwealth Bank Manufacturing PMI
The Commonwealth Bank 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.