|Unit||Diffusion Index, SA|
|Purchasing Managers index||Aug 2019||53.1||51.3||Diffusion Index, SA||Monthly|
|Change in Inventories||2019 Q2||-2,411||696||Mil. AUD, SA||Quarterly|
|Industrial Production||2019 Q2||106.6||105.4||Index Jul16-Jun17=100, SA||Quarterly|
|Real Change in Inventories||2019 Q2||-1,982||559||Mil. Ch. Jul16-Jun17 AUD, SA||Quarterly|
|Business Confidence||May 2019||101.89||101.62||Index long term avg=100, SA||Monthly|
The Australian Performance of Manufacturing Index (Australian PMI) is a seasonally adjusted national composite index based on the diffusion indices for production, new orders, deliveries, inventories and employment with varying weights. An Australian PMI reading above 50 points indicates that manufacturing is generally expanding; below 50, that it is declining. The distance from 50 is indicative of the strength of the expansion or decline. Survey results are based on a rotating sample of manufacturing companies each month.
The Australian PMI is compiled with data from a monthly survey of a representative sample of manufacturing businesses. The Australian PMI is a ‘diffusion’ index, calculated from a weighted composite of five key activity indicators including production, new orders, supplier deliveries, inventories and employment. Different weights are attached to these indicators, which are combined into the headline index and into indexes for each sub-sector. The Australian PMI and the detailed series for sub-indexes and sub-sectors are seasonally adjusted.
Data are reported in seasonally adjusted figure and are subject to adjustments.