Australian Manufacturing PMI Grows in 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.

Australian Manufacturing is Growing

Australian Manufacturing PMI

It is official. For the past 3 months Australian Manufacturing has grown each month. This has been confirmed by both AMTIL and Manufacturers’ Monthly.

 

This is in spite of weak demand in the metals sector. It is good to see some resilience showing as the manufacturing sectors diversify.

 

Australian PMI for September 2015

Australian PMI

The primary data comes from the Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI). This is a numerical measure of manufacturing output and numbers above 50 indicate growth and numbers below 50 indicate decline. The primary reference link is Australian Economic Indicators.

 

So some good news for us all.

 

Successful Endeavours specialise in Electronics Design and Embedded Software Development. Ray Keefe has developed market leading electronics products in Australia for nearly 30 years. This post is Copyright © 2015 Successful Endeavours Pty Ltd.