The industry remained in growth for September, reporting its ninth straight expansionary result, though growth slowed over the month, according to the S&P Global Australia Manufacturing PMI. According to a statement from S&P on Wednesday, the overall PMI recorded a result of 51.4 in September, down from 53.0 in August. A result above 50 from…
Manufacturing activity is back in contractionary territory, according to the quarterly ACCI-Westpac Survey of Industrial Trends, reflecting “broad-based softness across output, new orders and [the] labour market”. According to a statement from the Australian Chamber of Commerce and Industry on Tuesday, the Actual Composite result in the survey slipped from 51.5 in Q2 to 48.8…
A measure of turnover data published by the Australian Bureau of Statistics since 2021 has shown manufacturing outpacing all other industries for February, with a strong rise in metal products. The ABS’s experimental Monthly Business Turnover Indicator tracks 13 industries, with an aggregate rise in turnover of 0.2 per cent (in seasonally-adjusted terms) for the…
Australian manufacturing conditions deteriorated further in March as political uncertainty and global trade disruptions weighed on business confidence, according to the latest Ai Group Australian Industry Index released on Tuesday. The Australian manufacturing PMI fell by 17.8 points to -29.7, deepening the sector’s contraction. This stands in contrast to the S&P Global Australia Manufacturing PMI,…
Australian manufacturing conditions improved at their fastest pace since late 2022 in March, according to S&P Global data released on Tuesday. The headline S&P Global Australia Manufacturing Purchasing Managers’ Index (PMI) posted 52.1 in March, up from 50.4 in February, marking the third consecutive month above the 50.0 neutral threshold. New orders grew at their…