The IHS Markit Australia Manufacturing PMI was revised higher to 59.2 in November of 2021 from a preliminary of 58.5, pointing to the strongest expansion in factory activity in 6 months, as COVID-19 restrictions eased further in many parts of the country. Demand and production expanded at faster rates, while suppliers’ delivery times deteriorated sharply, leading to an accumulation of backlogged work and increased price pressures. Also, new export orders improved as well with COVID-19 restrictions easing abroad, though the rate of growth fell amidst ongoing shipping issues. The Australian manufacturers also sustained a positive view for the future output as growth gained momentum with the Covid-19 Delta wave subsided. However, business confidence dipped to a level below the series average as some firms are concerned with supply chain issues impacting future production. Meanwhile, although employment continued to grow it happened at a slower pace than observed in October. source: Markit Economics

Industrial Sentiment in Australia averaged 54.02 points from 2016 until 2021, reaching an all time high of 60.40 points in May of 2021 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 December of 2021.

Industrial Sentiment in Australia is expected to be 58.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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


Calendar GMT Actual Previous Consensus TEForecast
2021-11-22 10:00 PM Markit Manufacturing PMI Flash Nov 58.5 58.2 58.5
2021-11-30 10:00 PM Markit Manufacturing PMI Final Nov 59.2 58.2 58.5
2021-12-15 10:00 PM Markit Manufacturing PMI Flash Dec 59.2


Related Last Previous Unit Reference
Composite PMI 55.70 52.10 points Nov/21
Services Sentiment 55.70 51.80 points Nov/21
Industrial Sentiment 59.20 58.20 points Nov/21

News Stream
Australia IHS Markit Manufacturing PMI Revised Higher
The IHS Markit Australia Manufacturing PMI was revised higher to 59.2 in November of 2021 from a preliminary of 58.5, pointing to the strongest expansion in factory activity in 6 months, as COVID-19 restrictions eased further in many parts of the country. Demand and production expanded at faster rates, while suppliers’ delivery times deteriorated sharply, leading to an accumulation of backlogged work and increased price pressures. Also, new export orders improved as well with COVID-19 restrictions easing abroad, though the rate of growth fell amidst ongoing shipping issues. The Australian manufacturers also sustained a positive view for the future output as growth gained momentum with the Covid-19 Delta wave subsided. However, business confidence dipped to a level below the series average as some firms are concerned with supply chain issues impacting future production. Meanwhile, although employment continued to grow it happened at a slower pace than observed in October.
2021-11-30
Australia Manufacturing PMI Up to 5-Month High
The IHS Markit Australia Manufacturing PMI rose to a five-month high of 58.5 in November 2021 from 58.2 in the prior month, preliminary data showed. Growth of manufacturing output and new orders accelerated in November amid reports of a further reopening of the Australian economy while market confidence improved alongside better COVID-19 conditions. Also, employment level and buying activity expanded. However, prices continued to increase rapidly as Input cost inflation was seen at a fresh survey record, and also at a record high, suppliers' delivery times continued to lengthen, affected by supply chain issues according to panellists. Overall sentiment remained positive with hopes for sustained recovery from the latest COVID-19 wave.
2021-11-22
Australia IHS Markit Manufacturing PMI Revised Higher
The IHS Markit Australia Manufacturing PMI was revised higher to 58.2 in October of 2021 from a preliminary of 57.3, pointing to the strongest expansion in factory activity in 4 months, amid the easing of COVID-19 restrictions in many parts of the country. Demand and production expanded at faster rates, driving higher levels of employment and purchasing activity. Suppliers’ delivery times however continued to worsen sharply, contributing to an accumulation of backlogged work and price pressures. Meanwhile, workforce expansion continued though the rate of expansion eased from September. Where lower levels of employment were seen, difficulties in hiring coupled with vaccination policies which caused lower staffing levels. Also, input cost and output price inflation both accelerated to survey record rates. That said, overall business confidence continued to improve.
2021-10-31

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.