May 4, 2018
April marked a 19th consecutive month of expanding or stable conditions for the Australian PMI – the longest run of continuous expansion since 2005. Readings above 50 indicate expansion in activity, with the distance from 50 indicating the strength of the increase . Six of the eight manufacturing sub-sectors expanded in April (according to trend data), with four sub-sectors reaching record highs in trend terms: machinery & equipment (up 1.0 point to 61.2); petroleum, coal & chemicals (up 0.4 points to 67.6); metal products (up 1.6 points to 63.8); and textiles, clothing & furniture (up 5.6 points to 57.1). Ai Group Chief Executive Innes Willox said: “The manufacturing sector extended its broad-based expansionary run in April. Growth was led by the machinery & equipment; metal products; coal, petroleum, chemical & rubber products; and non-metallic mineral product sub-sectors, all of which are enjoying strong demand from high levels of building and construction activity. The largest manufacturing sub-sector – food & beverages –…

















