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Performance of Manufacturing Index – January

February 06, 2014
by damian
ai group, january pmi, performance of manufacturing index, pmi, pwc
Comments are off

According to the Performance of Manufacturing Index (PMI) Australian manufacturing retracted for a third consecutive month in January, recording an overall figure of 46.7.  The January result is a further decline from December, receding by nearly a full basis point.  The PMI is conducted monthly by PriceWaterhouseCoopers and the Australian Industry Group.january pmi

Individual sub-sectors results

Positive Results

  • Food, Beverages and Tobacco
  • Wood and Paper Products
  • Petroleum, Coal, Chemical and Rubber Products
  • Non-metallic Mineral Products

 

Negative Results

  • Textiles, Clothing, Footwear, Furniture and Other Manufacturing
  • Printing and Recorded Media
  • Metal Products
  • Machinery and Equipment

 

Margin pressures remain high across all manufacturing sub-sectors, as input costs (including wages) continue to outstrip selling prices.  As PWC / AIGroup note, this has been a feature of the Australian economy since the Global Financial Crisis in 2009.

The Australian Industry Group report for January’s PMI can be accessed here… PMI Jan 2014

 

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