The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI®) dropped by 9.2 points to 51.6 points, indicating extremely weak expansion across manufacturing in August and effectively pausing a solid period of recovery throughout 2021 (seasonally adjusted). Although remaining very mildly positive, this was the weakest monthly result for the Australian PMI® since September 2020. Results above 50 points indicate expansion, with higher results indicating a faster rate of expansion.
