Australia composite pmi

Australia’s composite pmi increased to 47.4 by 3.0% on December 2023 from 46.2 in the previous month. Australia’s composite pmi trend is down since the current value of 47.4 is lower than the 12 month moving average of 49.27. and the 12 month moving average slope is down.Australia’s composite pmi 5-year percentile is currently at 68.0%. MacroVar monitors the factors of Momentum, Trend for Australia composite pmi.
A detailed analysis can be found here