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.