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Monday, June 21, 2021

AiG Manufacturing PMI for April (final) 61.7 (prior 59.9)

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Australia – AiG Manufacturing PMI for April (final) 61.7 (prior 59.9)






























































Australian Industry Group Manufacturing PMI for April 61.7, up 1.8 points on the month and to its 3rd highest ever reading 

  • highest since March 2018
  • seventh consecutive month of recovery
  • all six manufacturing sectors expanded
  • all seven activity indicators expanded 
  • capacity utilisation index hit a record high (indicating that employment and/or investment may need to step up in order to facilitate further growth from here)
  • Australian manufacturers continue to report concerns about supply chain difficulties including delivery delays and freight pricing. High and/or rising prices for various raw materials is also of concern, due to high global commodity prices for metals, oil and other key inputs. 

Goldman Sachs graph:

Australian Industry Group Manufacturing PMI for April 61.7, up 1.8 points on the month and to its 3rd highest ever reading 


















































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