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The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI®) fell 5.4 points to 52.0 in July 2018, indicating continuing but slower growth across the manufacturing sector (readings above 50 indicate expansion in activity, with the distance from 50 indicating the strength of the increase).

“Official data has confirmed 2018’s strong performance for the manufacturing industry. We have already seen this in over 20 months of Ai Group’s Australian PMI®, which is an accurate real-time indicator of activity in Australian manufacturing and a ‘leading indicator’ of these ABS numbers. The solid recovery in manufacturing output is positive news for this […]

“Ai Group commends the Queensland Government’s release of a clear and systematic response to the Productivity Commission inquiry into the State’s manufacturing industry and welcomes its commitment to implement most of Commission’s recommendations,” Ai Group Queensland Head, Shane Rodgers, said.

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI®) fell 4.8 points to 58.3 in April 2018, indicating a slower – but still buoyant – rate of expansion following March 2018’s record high (readings above 50 indicate expansion in activity, with the distance from 50 indicating the strength of the increase).