AiG Manufacturing PMI

The AiG Manufacturing Purchasing Managers Index (PMI), released on a monthly basis by the Australian Industry Group, is a leading indicator gauging business activity in Australia’s manufacturing sector. The Manufacturing PMI, which is a sub-component of the broader AiG Industry Index, reflects manufacturers' assessment of the business situation including employment, production, orders, prices, inventories, and their short-term planning. A positive reading indicates that activity is expanding; negative indicates contraction. The distance from zero indicates the strength of the expansion or decline. A positive reading tends to be a bullish sign for the Australian Dollar (AUD). Meanwhile, a negative reading is seen as bearish for AUD.