Based on a survey of 200 industrial enterprises, the Ai Group Manufacturing PMI Index assesses the performance of the manufacturing sector. Production, new orders, deliveries, inventories, and employment are all included in a composite index that is constructed from diffusion indices with varied weights. A value above 50 indicates that the manufacturing sector has increased in comparison to the previous month, a rating below 50 indicates that the manufacturing sector has declined, and a value of 50 implies that nothing has changed.
A higher than expected figure should be seen as positive (bullish) for the AUD while a lower than expected figure should be seen as negative (bearish) for the AUD.
