New data Ai Group Manufacturing Index (Sep)
10/1/2024
actual -33.6, previous -30.8
The Ai Group Manufacturing Index is a monthly economic indicator that measures the performance of the manufacturing sector in Australia. A reading below 50 indicates a contraction in the sector, while a reading above 50 indicates expansion.In this event, the Ai Group Manufacturing Index for September was reported at -33.6, which is a decrease from the previous month's reading of -30.8. This indicates a further contraction in the manufacturing sector. The actual value of -33.6 was lower than the market estimate of -13, showing a larger decline than expected.
Overall, this event suggests a significant downturn in the Australian manufacturing sector in September, which could have implications for the broader economy.
This is not investment advice. Remember to verify the information provided here.
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