Although registering an increase of 2.1 points, the Australian Industry Group / PriceWaterhouseCoopers Performance of Manufacturing Index remained in negative territory again in January.
It was a close run thing, however, with the result of 49.0 edging ever closer to neutral territory.
PMI January 2015 Result
Individual Sectors
Three sectors expanded in January, whilst the other five contracted. This represents a departure from the standard ‘4 & 4′ result that has occurred over the past few reporting periods.
Once again, the food, beverages & tobacco sector remains very strong and an individual star performer.
Expanding
- Food, beverages and tobacco (62.9)
- Textiles, clothing, footwear, furniture and other manufacturing (59.3)
- Non-metallic mineral products (68.4)
Contracting
- Printing and recorded media (46.1)
- Petroleum, coal, chemicals and rubber products (40.7)
- Metal products (43.1)
- Machinery and equipment (42.1)
- Wood and paper products (45.1)
To download a two page précis of the report, click here… PMI January 2015
