The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) jumped 9.4 points to 53.7 in March, ending four months of contraction (readings above 50 points indicate expansion in activity, with the distance from 50 indicating the strength of the expansion). This somewhat surprising expansion – in the midst of the escalating COVID-19 pandemic … Continue reading Stockpiling boosts food manufacturing in March
The Australian Industry Group’s Performance of Manufacturing Index (PMI) inched 0.2 points higher to 55.0 in June, with expansion in the food & beverages sub-sector easing to 56.9 for the month. The PMI result means Australian manufacturing has now seen nine consecutive months of expansion. “Sales, exports and production all lifted and growth was widespread … Continue reading Manufacturing, food & beverage making continue to grow
The Australian manufacturing sector expanded for the seventh consecutive month in April with the food and beverage sub-sector delivering its best result in a year, according to a key index.
Both the overall Australian manufacturing industry as well as the food, beverages and tobacco sub-sector expanded again in March, according to a key index.
Australian manufacturing recorded a fifth consecutive month of growth in February, with the food sub-sector also expanding.
The Australian manufacturing sector grew again in January though at a slower rate than the previous month, according to a key index.
The Australian Industry Group Performance of Manufacturing Index ended 13 straight months of expansion in August, with the sector and overall economy described as patchy.