Tag: PMI
Australian Manufacturing PMI Grows in 2017
Australian Manufacturing PMI The PMI, or Purchasing Manager’s Index, is a measure of whether a sector is growing or contracting. Growth is above 50 and contraction is below 50. So here is the last 12 months for Australian Manufacturing shown visually. This is a continuing trend since mid 2015 and a really good…
Australian Manufacturing is Growing
Australian Manufacturing PMI It is official. For the past three months Australian Manufacturing has grown each month. This has been confirmed by both AMTIL and Manufacturers’ Monthly. This is in spite of weak demand in the metals sector. It is good to see some resilience showing as the manufacturing sectors diversify. The primary…