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.
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.