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Actual | Forecast | Previous | Revised Form | |
| 49.3 | 37.5 | N/A | |||
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For une
From the Release: "Manufacturing activity continued to weaken throughout June although the pace of decline eased slightly. The seasonally adjusted Australian Industry Group - PricewaterhouseCoopers Australian Performance of Manufacturing Index (Australian PMI®) rose by 0.9 points to 38.4, remaining below the 50.0 level separating expansion from contraction. While activity has now contracted for 13 consecutive months, the Australian PMI® in June was 7.1 points above last year's lowest reading in November 2008." |
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| 9/30 | 11/2 | 11/30 | 1/1 | 2/1 | 3/1 | 3/31 | 4/30 | 5/31 | 6/30 | ||
| Actual | 47.2 | 40.4 | 32.7 | 33.7 | 36.6 | 31.7 | 33.4 | 30.1 | 37.5 | 49.3 | |
| Forecast | |||||||||||
| Previous | 47.0 | 47.2 | 40.4 | 32.7 | 33.7 | 36.6 | 31.7 | 33.2 | 30.1 | 37.5 | |
| Revised From | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 33.4 | N/A | N/A | |
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Actual | Forecast | Previous | Revised Form | |
| 37.5 | 30.1 | N/A | |||
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For May
From the Release:
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Actual | Forecast | Previous | Revised Form | |
| 30.1 | 33.2 | 33.4 | |||
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For April
From the Release: "Australian manufacturing industry output fell for the eleventh
consecutive month in April, continuing to trawl uncharted lows.
Producers cut inventories at the fastest rate in the index’s history in
the face of a continuing drop in demand for new goods. The seasonally
adjusted Australian Industry Group - PricewaterhouseCoopers Australian Performance of Manufacturing Index (Australian PMI®)
fell by 3.1 points to a record low of 30.1 which is well below the
50-point mark that separates expansion from contraction. The April Australian PMI® showed falls in all States.
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Actual | Forecast | Previous | Revised Form | |
| 33.4 | 31.7 | N/A | |||
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For March
From the Release: The manufacturing industry continued to deteriorate in March although the rate of decline has eased with the Australian Industry Group - PricewaterhouseCoopers Australian Performance of Manufacturing Index (Australian PMI®) up slightly by 1.7 points to 33.4. This is well below the 50-point mark that separates expansion from contraction. Australian Industry Group (Ai Group) Chief Executive, Heather Ridout, said: "The manufacturing industry continues to endure extremely challenging economic conditions with the March Australian PMI® showing that all sectors in all states, with the exception of Tasmania, declined in March. "Production, capacity utilisation and exports remain in the doldrums, with the new orders reading - although a little up from February - not indicating any early pick up. As a result, employment fell across the board while wages growth continued to ease. "The Australian PMI® suggests that economic conditions have not bottomed in the economy and that the outlook remains uncertain. Business is hunkering down and hoping that conditions will improve in the second half of the year. Whether they will, remains to be seen," Mrs Ridout said." |
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Actual | Forecast | Previous | Revised Form | |
| 31.7 | 36.6 | N/A | |||
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For February
The Australian manufacturing sector contracted at a record pace in February, with the PMI falling 4.9 points to 31.7. Companies received fewer orders from both home and abroad as the global recession is starting to pressure exports and domestic demand is fragile. With key trading partners facing recessions, and demand for resources by countries such as China dwindling, Australian manufacturing is starting to feel the acute pain of a decrease in global trade. This news points to further interest rate cuts by the Reserve Bank of Australia as Governor Glenn Stevens tries to revive consumer confidence and lending and boost the economy. The government in addition is passing and implementing a fiscal stimulus plan that will try to jump start the economy. Still these policy moves will come with some lag, and will depend on a recovery in the main economies of the world: the US, Europe, the UK and Japan.
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Actual | Forecast | Previous | Revised Form | |
| 36.6 | 33.7 | N/A | |||
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For January
From the Release: "Manufacturing activity contracted for an eighth consecutive month in January, although the rate of decline eased further from the November 2008 record low. The Australian Industry Group - PricewaterhouseCoopers Australian Performance of Manufacturing Index (Australian PMI®) registered 36.6 in January, up by 2.9 points on the previous month but still well below the 50 point level which separates expansion from contraction. Australian Industry Group (Ai Group) Chief Executive, Heather Ridout, said "The ongoing falls in new orders in particular highlight the challenging conditions manufacturers are facing in the early months of the New Year. As a result, businesses are working on reducing inventories, leading to lower production and consequently putting further pressure on employment. "While lower interest rates and government stimulatory and other measures are helpful, and may have impacted on the positive outcome for the food and beverage sector, more will need to be done and business will be looking for a further significant cut in interest rates this week," Mrs Ridout said. " |
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Actual | Forecast | Previous | Revised Form | |
| 33.7 | 32.7 | N/A | |||
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For December
From the Release:
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Actual | Forecast | Previous | Revised Form | |
| 32.7 | 40.4 | N/A | |||
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For November
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Actual | Forecast | Previous | Revised Form | |
| 40.4 | 47.2 | N/A | |||
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For October
From the Release:
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Actual | Forecast | Previous | Revised Form | |
| 47.2 | 47.0 | N/A | |||
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For
August
Manufacturing activity fell for a fourth successive month in September.
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