Australian manufacturing PMI flash at 51.7, below previous 52.1

Australian manufacturing PMI flash at 51.7, below previous 52.1

The latest Australian manufacturing PMI (Purchasing Managers' Index) flash reading for April 2025 stands at 51.7, indicating a slight contraction in manufacturing activity compared to the previous month's reading of 52.1. This marks the third consecutive month of a declining PMI, signaling a slowdown in the sector's performance.

The PMI is a widely followed indicator of economic health, with readings above 50 indicating expansion and those below 50 indicating contraction. The latest reading suggests a marginal decrease in manufacturing output, which may be attributed to various factors, including global economic uncertainties and supply chain disruptions.

The Australian smart manufacturing market, which is expected to reach a projected revenue of US$ 16,697.6 million by 2030, has shown resilience despite these challenges. The market is projected to grow at a CAGR of 14% from 2025 to 2030, driven primarily by advancements in software solutions, which accounted for the largest revenue share in 2024 with a 60.41% market share [1].

Key players in the global smart manufacturing market, such as ABB Ltd, Siemens AG, GE Aerospace, and Rockwell Automation Inc, are likely to play a significant role in the Australian market, contributing to its growth and technological advancements. Despite the current slowdown, the long-term outlook for the Australian manufacturing sector remains positive, supported by ongoing investments in smart manufacturing technologies.

References:
[1] https://www.grandviewresearch.com/horizon/outlook/smart-manufacturing-market/australia