The S&P Global Australia Manufacturing PMI improved to 56.2 in June 2022, revised higher from a flash reading of 55.8 and compared with a final reading of 55.7 in May, marking the twenty-fifth month in which conditions in the manufacturing sector strengthened. The improvement in the overall health of the sector reflects sustained expansions in output and new orders, with rates of growth accelerating from May in both cases. With demand conditions showing a continued improvement, latest survey data pointed to higher purchasing activity, an increase in pre-production inventories, rising employment levels and an accumulation of backlogged work. Meanwhile, vendor performance continued to deteriorate amid reports of supply chain issues. As a result, raw materials remained scarce and rose further in cost, driving up both input and output prices as firms often passed on higher supplier fees to their customers. source: Markit Economics

Industrial Sentiment in Australia averaged 54.30 points from 2016 until 2022, 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 July of 2022.

Industrial Sentiment in Australia is expected to be 55.80 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 2023, according to our econometric models.

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Australia Markit Manufacturing PMI



Related Last Previous Unit Reference
Composite PMI 52.60 52.90 points Jun 2022
Services Sentiment 52.60 53.20 points Jun 2022
Industrial Sentiment 56.20 55.70 points Jun 2022

Australia Markit Manufacturing PMI
The S&P Global 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.
Actual Previous Highest Lowest Dates Unit Frequency
56.20 55.70 60.40 44.00 2016 - 2022 points Monthly
SA

News Stream
Australia Manufacturing PMI Improves in June
The S&P Global Australia Manufacturing PMI improved to 56.2 in June 2022, revised higher from a flash reading of 55.8 and compared with a final reading of 55.7 in May, marking the twenty-fifth month in which conditions in the manufacturing sector strengthened. The improvement in the overall health of the sector reflects sustained expansions in output and new orders, with rates of growth accelerating from May in both cases. With demand conditions showing a continued improvement, latest survey data pointed to higher purchasing activity, an increase in pre-production inventories, rising employment levels and an accumulation of backlogged work. Meanwhile, vendor performance continued to deteriorate amid reports of supply chain issues. As a result, raw materials remained scarce and rose further in cost, driving up both input and output prices as firms often passed on higher supplier fees to their customers.
2022-06-30
Australia Manufacturing PMI Marginally Improves
The S&P Global Flash Australia Manufacturing PMI marginally improved to 55.8 in June 2022 from a final reading of 55.8 in May, marking the twenty-fifth month in which conditions in the manufacturing sector strengthened. Manufacturing production growth accelerated in June, extending the current sequence of expansion to five months. In line with output expansion, the rate of new order growth quickened. This was underpinned by strengthening demand conditions from both domestic and foreign sources amid reports of new client wins and projects. As a result, employment levels continued to expand in June. Manufacturers also reported increasing their purchasing activity to cope with higher demand levels. The 12-month outlook across the Australian manufacturing sector remained positive in June. That said, the degree of confidence slipped to a 26-month low.
2022-06-22
Australia Manufacturing PMI Drops to 4-Month Low
The S&P Global Australia Manufacturing PMI eased to 55.7 in May 2022 from 58.8 in April, marking the 24th straight month in which the sector has grown, though at the slowest pace in 4 months. Manufacturing output and orders grew at softer rates with foreign demand shrinking. This was amid persistent supply issues manifesting in the form of longer lead times and higher prices. Sustained demand growth nevertheless led to increased hiring and purchasing activities. “Manufacturing production growth eased to a marginal level midway into the second quarter. That said, supply issues were largely blamed for the slowdown and the sustained strong growth in new orders presented a comforting sign,” Jingyi Pan, Economics Associate Director at S&P Global, said. “Business sentiment in the Australian manufacturing sector remained positive, but overall confidence declined again with concerns over costs and supply-side constraints, issues that have the potential to limit future output,” he added.
2022-05-31