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.
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:
- Australian manufacturers record strongest month since 2002
- Australian Manufacturing continues to grow strongly
- I Nearly Retired
Successful Endeavours specialise in Electronics Design and Embedded Software Development, focusing on products that are intended to be Made In Australia. Ray Keefe has developed market leading electronics products in Australia for more than 30 years. This post is Copyright © 2017 Successful Endeavours Pty Ltd.