Australian Chamber-Westpac Survey of Industrial Trends | December 2018

The Australian Chamber–Westpac Survey of Industrial trends, Australia’s longest running business survey dating from 1966, provides a timely update on manufacturing and insights into economy-wide trends.

The Westpac–AusChamber Actual Composite index declined in December 2018 to 63.1 from 66.2 in September. The Composite has indicated positive manufacturing conditions since December 2016.

The well above average reading for the Composite index reflects strength in new orders, output, overtime and order backlog. The Australian economy has expanded around trend in the year to September 2018, annual output growth tracking at 2.8%.