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Australian Manufacturing PMI Grows in 2017

Tuesday 3rd October 2017

Australian Manufacturing PMI

The PMI, or Purchasing Manager’s Index, is a measure of whether a sector is growing or contracting. Growth is above 50 and contraction is below 50. So here is the last 12 months for Australian Manufacturing shown visually.

 

Australia Manufacturing PMI 2016-2017

Australia Manufacturing PMI 2016-2017

 

This is a continuing trend since mid 2015 and a really good thing for the overall Australian economy.

 

And to top it off, the growth in Australian Manufacturing in August 2017 was the highest since 2002. So really kicking some goals this year.

 

You can read more about it in:

 

 

Successful Endeavours specialise in Electronics Design and Embedded Software Development, focusing on products that are intended to be Made In AustraliaRay Keefe has developed market leading electronics products in Australia for more than 30 years. This post is Copyright © 2017 Successful Endeavours Pty Ltd.

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