The S&P Global Australia Manufacturing PMI was revised lower to 51 in February 2026 from a preliminary of 51.5, the lowest reading in four months, compared to 52.3 in January. The reading showed that manufacturing conditions improved at a softer pace and manufacturing sector expansion softened. Incoming new orders from both domestic and foreign sources rose at slower rates, which led to a mild contraction in output. Also, employment growth decelerated amid an absence of capacity pressure, while inventory levels fell alongside a loss of confidence. Meanwhile, supply conditions further worsened in February, though rates of inflation eased slightly since the start of the year. source: S&P Global

Manufacturing PMI in Australia decreased to 51 points in February from 52.30 points in January of 2026. Manufacturing PMI in Australia averaged 52.66 points from 2016 until 2026, 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.

Manufacturing PMI in Australia decreased to 51 points in February from 52.30 points in January of 2026. Manufacturing PMI in Australia is expected to be 51.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia S&P Global Manufacturing PMI is projected to trend around 51.50 points in 2027, according to our econometric models.



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Industrial Production 2.70 0.10 percent Dec 2025
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New Orders 35.00 23.00 points Dec 2025
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Australia S&P Global Manufacturing PMI
The S&P Global 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. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Australia S&P Global Manufacturing PMI Revised Lower
The S&P Global Australia Manufacturing PMI was revised lower to 51 in February 2026 from a preliminary of 51.5, the lowest reading in four months, compared to 52.3 in January. The reading showed that manufacturing conditions improved at a softer pace and manufacturing sector expansion softened. Incoming new orders from both domestic and foreign sources rose at slower rates, which led to a mild contraction in output. Also, employment growth decelerated amid an absence of capacity pressure, while inventory levels fell alongside a loss of confidence. Meanwhile, supply conditions further worsened in February, though rates of inflation eased slightly since the start of the year.
2026-03-01
Australia Factory Activity Seen Expanding for 4th Month
The S&P Global Australia Manufacturing PMI fell to 51.5 in February 2026 from 52.3 in January, according to flash estimates, signaling continued expansion but at a slower pace. The moderation reflected softer growth in new orders and output, as overall new business cooled from January’s 45-month high and export demand increased only marginally. Manufacturers noted a loss of momentum alongside broader private sector slowing. Optimism about output over the next year remained positive, supported by expansion plans and expectations of improved demand, though confidence eased to its lowest level in just over a year-and-a-half amid concerns about economic conditions and elevated competition. Firms continued hiring, but manufacturing employment growth was the weakest in four months and backlogs were unchanged. Input costs rose at the fastest pace in ten months on higher supplier and raw material prices, while selling price inflation accelerated to its highest since September last year.
2026-02-19
Australia Manufacturing PMI Slightly Revised Down
The S&P Global Australia Manufacturing PMI was slightly revised lower to 52.3 in January 2026 from a preliminary estimate of 52.4, following a final reading of 51.6 in December. The latest reading remained the fastest expansion in factory activity since August, as output and new orders rose at a faster pace, supported by foreign demand. In response to rising new work inflows, firms continued to raise their staffing levels, with the pace of employment growth notably the strongest in almost three years. Purchasing activity rose for a third straight month, while vendor performance deteriorated due to transportation delays, port congestion, and material shortages. On prices, input cost inflation accelerated to a nine-month high due to higher raw material prices. As a result, output prices rose as firms sought to pass on costs to customers. Finally, business sentiment strengthened to its highest level in nearly four years, amid hopes of higher sales supported by economic growth.
2026-02-01