Ai Group Australian Industry Index®

The Ai Group Australian Industry Index® is representative of the modern industrial ecosystem. It brings together the manufacturing, construction, engineering, technology and business services sectors – industries which together account for 36% of the Australian economy.

Recognising the heritage and importance of the Australian PMI® and Australia PCI®, both will continue as sub-indicators available within the Ai Group Australian Industry Index®, however, there will no longer be separate release dates for these indexes.

The Ai Group Australian Industry Index® is regularly published on the first working Wednesday of each month (or the following working day if the Wednesday is a national holiday): Australian Industry Index release dates 2024 - Australian Industry Index release dates 2025

July 2024: Wages lead costs up in July

Key findings

  • The contraction in the Australian Industry Index® eased slightly in July but continued to point towards challenging conditions.
  • Indicators for activity/sales, inputs, and employment all improved for a second month, but remain in negative territory.
  • New orders remained flat at -34.0, weighing heavily on the Aii and indicating broad-based weakness across future order books
  • Pricing indicators rose again, particularly for wages as annual increases and award wage indexing took effect in the month
  • Most sub-industries showed mild improvements in July, but construction was flat and chemicals posted a major decline.

The contractionary conditions in the Ai Group Australian Industry Index® continued but eased slightly in July 2024, lifting 5.0 points to -20.7 points (seasonally adjusted). The index has indicated contraction for the last twenty-seventh months.

Economic Intelligence newsletter

August 2024

In the July edition of Economic Intelligence we cover:

  • Australia’s Economic and Labour Market Outlook: An Employer’s Guide for 2024-25
  • Tracking Australian industry: Inflation fuelled by wages growth in June; employee turnover fell from record highs; all households now impacted by cost-of-living pressure; business revenue growth mixed across industries; performance of Australia’s ports has deteriorated.
  • Q&A with AustralianSuper: The Investment Team at AustralianSuper share insights on the approaches of central banks and the role of artificial intelligence (AI) in the economy.
  • Economic Forecasts: The RBA forecasts bumpy inflation ahead - jumping in and out of 2-3% target in 2025; GDP is expected to recover in 2025 and terms of trade will contract for the next two years.

Detailed Index Data

Our reports and time series data for the Ai Group Australian Industry Index® are available free of charge to Ai Group members at any time via email from our economics research team economics@aigroup.com.au. Our data are available to non-members on an annual subscription basis or a one-off purchase. Our data subscribers receive the report and time series data for the activity index, sector and selected states via email each month.

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Become a member

The Australian Industry Group is the peak membership body for Australian industry, linking you to the insights, services and expertise you need to be successful. As a member of Ai Group, you are part of a powerful, credible and experienced industry community.