Manufacturing expands despite rising costs

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) rose by 1.6 points to 54.0 in June, indicating mild growth as the index recorded a fifth consecutive month in expansion (readings above 50 points indicate expansion in activity, with higher results indicating a faster rate of expansion). Innes Willox, chief executive of Ai […]

04/07/2022 - 12:43 pm

Ai Group welcomes Federal interest in Australian industry

Innes Willox, chief executive of the national employer association, Ai Group, said today (1 Feb), “Both the Prime Minister in today’s National Press Club address and the Leader of the Opposition’s speech last week, showed renewed interest in the development of Australian industry in the lead-up to the federal election,” “These are welcome indications that […]

01/02/2022 - 12:14 pm

Manufacturing treads water in October

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) eased by 0.8 points to 50.4 in October – a fourth consecutive month of deceleration and the weakest monthly result for the index since September 2020 (readings above 50 points indicate expansion in activity, with higher results indicating a faster rate of expansion). Four […]

03/11/2021 - 15:10 pm

Australian manufacturing recovery slows  

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) eased by 0.4 points to 51.2 in September, indicating a weaker rate of expansion across manufacturing and effectively stalling a solid period of recovery since late 2020 (readings above 50 points indicate expansion in activity, with higher results indicating a faster rate of expansion). […]

01/10/2021 - 13:30 pm

Australian PSI reports a stronger month of recovery in February

The Australian Industry Group Australian Performance of Services Index (Australian PSI) rose 1.5 points in February to 55.8 – the highest monthly result since June 2018 – with the recovery following the Covid-19 recession of 2020 gaining in strength (results above 50 points indicate expansion, with the distance from 50 points indicating the strength of […]

05/03/2021 - 12:45 pm

Australian Manufacturing stabilises in November

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) declined by 4.2 points to 52.1 in November, indicating expanding conditions but at a slower rate than in October (readings above 50 points indicate expansion in activity, with higher results indicating a faster rate of expansion). Ai Group chief executive Innes Willox said, “The […]

02/12/2020 - 13:21 pm

Australian PBI reports business conditions slump again in August

The Australian Industry Group Australian Performance of Business Index (Australian PBI) fell by 2.1 points to 42.6 in August, pointing to a further contraction in activity and at a faster pace than in July as renewed activity restrictions and border closures took effect (results below 50 points in the Australian PBI indicate deteriorating business conditions, […]

07/09/2020 - 08:39 am

Australian PMI: Manufacturing stumbles into 2020

The Australian Industry (Ai) Group Australian Performance of Manufacturing Index (Australian PMI) dropped 2.9 points to 45.4 in January, a third consecutive month of contraction that marked the lowest monthly result since 2015 (readings below 50 points indicate contraction in activity, with the distance from 50 indicating the strength of the contraction). January is traditionally […]

05/02/2020 - 10:40 am

Action needed to address a slowing economy

The Australian Industry Group’s latest CEO survey predicts deteriorating economic conditions for 2020 heightening the need for early action to stimulate the broader economy and for a determined effort to lift productivity. Ai Group’s annual Business Prospects report for 2020 is based on a survey of 252 CEOs in late 2019. The results show that […]

29/01/2020 - 16:09 pm

Australian PMI: Manufacturing downturn adds weight to calls for fiscal stimulus

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) increased slightly by 0.2 points to 48.3 in December, marking two consecutive months of contraction in the Australian PMI for the first time since mid-2015 (readings below 50 points indicate contraction in activity, with the distance from 50 indicating the strength of the contraction). […]

06/01/2020 - 11:36 am

New Issue

LHA May/June 2022

In this month's issue