Australian Manufacturing PMI
The Australian PMI, or Australian Purchasing Managers Index, measures whether a specific part of the economy is growing or contracting. Since Australian Manufacturing is something I care about, Successful Endeavours is one of the businesses participating in the monthly survey for the manufacturing sector of the economy and we also get access to the reports from that. Those reports are also summarised and publicly available at the Australia S&P Global Manufacturing PMI.
The second half of 2024 was pretty grim with Australian Manufacturing consistently contracting. The most recent report though shows us moving back into growth. Not by much; but this is still a very welcome move. Australian Manufacturing is responsible for millions of the full time jobs in the economy and one of the critical sectors in maintaining the health of the overall Australian Economy.
Australian Manufacturing PMI January 2025
One thing to understand is that 50 is the score for neither growing nor contracting. Would have been more intuitive if they had of selected 100 for that but this is the way it has been for a long time. January’s score was 50.2 so expanding very slightly. Looking forward to this trend continuing to improve.
Successful Endeavours specialise in Electronics Design, Embedded Software Development and Electronics Manufacturing, focusing on products that are intended to be profitably Made In Australia. Ray Keefe has developed market leading electronics products in Australia for more than 40 years.
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