What is the Australian Manufacturing Purchasing Managers Index (PMI)?

The Australian Manufacturing Purchasing Managers Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below indicates contraction.

What is Ai Group manufacturing PMI index?

Ai Group Manufacturing PMI Index measures the performance of the manufacturing sector and is derived from a survey of 200 industrial companies. It is composite index based on the diffusion indices for production, new orders, deliveries, inventories and employment with varying weights.

How did Australian PMI® perform in June?

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI®) rose by 1.4 points to 63.2 points (seasonally adjusted) and a new series high in June. This was the ninth consecutive month of recovery for the Australian PMI® following the severe disruptions of COVID-19 in 2020.