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 2025


February 2025: Supply-side pressures ease in February

Key findings

  • The Australian Industry Index® remained in contraction in February, but in trend terms showed the seventh month of gradual recovery.
  • Supply side pressures eased as input costs and average wages declined, while sale prices increased indicating a modest easing of margin pressures.
  • Demand side weakness continues, with the new orders and activity/sales indicators both well in contractionary territory.
  • Manufacturing and construction each lifted to their strongest monthly readings since mid-2022. While both indicators remain in contraction, this improvement reflects softening supply pressures.
  • Business services remains in broad-based contraction, yet to show the improvements seen in peer industrial sectors since mid-2024.

The Ai Group Australian Industry Index® declined by 1.1 points to
-17.6 points in February (seasonally adjusted). The index has indicated contraction for the last thirty-two months.

Economic Intelligence newsletter

March 2025

In the March edition of Economic Intelligence we cover:

  • Industrial energy transition – 2024 progress update: Our updated research note includes investment in Australia's energy systems, progress made towards achieving net zero, and the remaining steps needed to reach this goal.
  • Tracking Australian industry: Despite a moderate wage hike market sectors remained weak, investment slowed; household spending improved; the gender pay gap has narrowed, and weather continues to highly influence absenteeism.
  • Economic Forecasts: The Treasury forecasts Australian growth will pick up in 2025, headline inflation will fluctuate across 2025-2026, and wage growth will decline steadily throughout 2026.
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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.