- Analytics
- News and Tools
- Market News
- Australian manufacturing index jumped 3.8 points higher in August to 59.8
Australian manufacturing index jumped 3.8 points higher in August to 59.8
The Australian Industry Group Performance of Manufacturing Index (Australian PMI) jumped 3.8 points higher in August to 59.8 points (seasonally adjusted). Results above 50 points indicate expansion with higher results indicating a stronger expansion.
This was the highest monthly result for the Australian PMI® since 2002. It marked an eleventh consecutive month of expansion for the Australian PMI and the longest consecutive run of expansion since 2007 in the seasonally adjusted series.
Six of the seven activity sub-indexes in the Australian PMI® expanded in August (seasonally adjusted). Production and new orders were especially strong (61.4 and 64.3 points), but they were coupled with a robust expansion in inventories (58.9 points) rather than in sales (50.9 points)
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
