This is the Australian Industry Group’s new index. From AiG’s description:
- The Australian Industry Index is a monthly index that measures changes in the activity of the Australian industry sector.
- It provides a diffusion index that measures the rate of change in the level of industrial activity – expanding, stabilizing, or contracting.
- A positive value indicates an increase in activity. Negative indicates contraction.
- Distance from 0 indicates the strength of the expansion or contraction.
- The Australian Industry Index is based on monthly surveys from a national sample of Australian companies.
Key findings from the February survey include:
- The Australian industry was broadly stable in February after a difficult year-end and New Year holidays.
- New orders surged back into positive territory and employment continued to grow steadily. Activity levels are trending downward overall, but improving in December/January.
- Input price and wage indicators rose sharply again, indicating mounting inflationary pressures on the industry. Sales price indicators have fallen and remain below input and wage indicators.
- Capacity utilization fell to 82.1%, but remains above the long-term average (78.3%).
Previously had this from Australia: