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The Ai Group Australian Industry Index has witnessed a reduction in contractionary conditions, marking an improvement of 8.2 points to reach a seasonally adjusted value of -3.5 points in September 2023.
Supply chain pressures continue to ease for Australia’s industrial sectors, with the Ai Group Industry Index posting an increase of 3.1 points in August to -11.6.
The Caixin China General Manufacturing PMI has increased from 49.2 in July to 51.0 in August, beyond the neutral 50.0 level, indicating a further improvement in the sector's health, which had improved in three of the previous four months.
Craig International Ballistics (CIB), PPK Group Limited’s investee company, has secured $9.7 million in new orders from a military customer to supply a range of personal body armour products.
Business activity across Australian small and medium-sized enterprises (SMEs) has recorded another marginal decline as the seasonally adjusted Judo Bank Australia SME Business Activity Index fell to 49.1 in July, down from 49.6 in June.
The global manufacturing sector has remained in recession as July saw output fall even more amid the drop in new order intakes, which continued for the thirteenth month in a row, according to the latest Purchasing Manager’s Index (PMI) report from JP Morgan.
Australia’s manufacturing sector has seen signs of stabilisation in July but remained in a downturn, according to the latest Purchasing Manager’s Index (PMI) report from Judo Bank.
The health of Australia’s manufacturing industry has continued to see a downturn in May, with the headline seasonally adjusted Judo Bank Australia Manufacturing PMI posting a 48.4, up from April’s 48.0.
The Australian industry marked its 12th consecutive month in construction territory after seeing a fallback in demand and activity in April.
Australia’s manufacturing sector saw a mild decline in March, due to lower market demand that reduced output and inventory levels, marking the first PMI contraction since May 2020.