This is the Australian Industry Group Performance of Manufacturing Index for June 2019.
A big drop on the month and back into contraction after 5 months of better performance.
Some of the key items:
- lowest result since August 2016
- Heavy industrial manufacturers continue to report weaker economic conditions than others
- house construction downturn and ongoing drought negatively impacting sales of 'machinery & equipment' and 'metal products' to construction and the agricultural sector
- Drought is also increasing input prices for 'food & beverage' manufacturers
- More positively, export demand for Australian food, beverages, pharmaceuticals, vitamins and other consumer products continues to support the food, beverages and chemicals sectors
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A second manufacturing PMI will follow at 2300 GMT, the CBA/Markit Australian Manufacturing PMI for June
- prior 51.7.