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.