Industry in Australia

Australia Industry | Economic News & Forecasts

Australia - Industry

Industrial production accelerates in August

In August, industrial production expanded a seasonally adjusted 0.9% over the previous month, which came in above the 0.7% expansion observed in July. The acceleration reflected an improvement in manufacturing output as well as in electricity, gas, steam and air conditioning supply. Compared to the same month last year, industrial output quickened from a working-day adjusted 3.0% increase in July to a 3.5% expansion in August, which represents the fastest pace in one year. Despite the faster monthly increase, the trend continues to point downwards, with annual average growth in industrial production falling from 2.2% July to 2.1% in August the slowest pace since September 2010.

Australia - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)1.7  2.0  1.2  3.8  2.4  

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Australia Industry Chart

Australia Industry
Note: Annual variation of manufacturing output in %.
Source: Australia Bureau of Statistics and FocusEconomics calculations.

Australia Facts

Value Change Date
Bond Yield1.371.47 %Dec 31
Exchange Rate0.700.05 %Dec 31

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