empty
 
 

2021.01.2121:24:00UTC+00Australia Manufacturing PMI Jumps In January - Markit

The manufacturing sector in Australia continued to expand in January, and at a faster rate, Markit Economics said in Friday's flash estimate with a PMI score of 57.2.

That's up from 55.7 in December and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, goods producers enjoyed the fastest expansions in both sales and production in over three years. In some cases, monitored firms suggested that pending 2020 projects had been authorized. There remained signs of export weakness, however, with new orders from abroad down for the fourth straight month.

The services PMI fell to 55.8 from 57.0 in December as firms recorded slower increases in both new orders and business activity. According to survey participants, growth was stymied by the COVID-19 pandemic and border restrictions.

The composite index came in at 56.0, up slightly from 55.6 a month earlier.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback