Australian Industry Index®

The Australian Industry Index® is representative of the modern industrial ecosystem. It brings together the manufacturing, construction, engineering, technology and business services sectors – industries which together account for 36% of the Australian economy.

Recognising the heritage and importance of the Australian PMI® and Australia PCI®, both will continue as sub-indicators available within the Australian Industry Index®, however, there will no longer be separate release dates for these indexes.

The Australian Industry Index® is published on the first working Wednesday of each month (or the following working day if the Wednesday is a national holiday): Australian Industry Index release dates 2026


April 2026: Energy costs pass-on begins in industry

Key findings

  • The Australian Industry Index® rebounded by 9.8 points in April but  remained strongly negative at -24.4 in April.
  • There was some stabilisation in April, with activity, employment and new orders indicators recovering a small amount of the falls in April
  • Pricing pressures continue to accumulate, as fuel prices rises begin to be passed on along supply chains. Fuel levies on transport services were the primary vector of inflationary pressure in April.
  • Manufacturing weakened again in April while construction saw slight recovery, but both remain in contraction. Both struggle with fixed price contracts which constrain fuel cost pass-on.
  • Energy crisis impacts are expected to broaden from fuels and transport to other industrial materials in coming months as oil and gas shortages work through supply chains.

Economic Intelligence newsletter

April 2026

In the April edition of Economic Intelligence we cover:

    • A crisisforward budget for an uncertain economic environment: Our research note explores how the May Budget navigates the trade‑offs posed by the energy crisis, balancing short‑term emergency spending pressures with longer‑term spending and tax reform to support economic stability and recovery by 2027.
    • Tracking Australian industry: Geopolitical conflict heightened concerns about stagflation; policy settings continued to weigh on household spending; labour market resilient in March; differences in employment trends across occupations; industrial construction remained soft; and investment growth was driven mainly by data centre projects.
    • Q&A with AustralianSuper: The Investment Team at AustralianSuper share their views on the drivers of the investment markets.
    • Economic Forecasts: The Treasurer’s modelling shows the Middle East conflict could trigger either a brief, contained oil‑price shock with temporary inflation effects or a longer‑lasting rise in prices that keeps inflation elevated and weakens growth for at least next three years.

    Detailed Index Data

    Our reports and time series data for the Ai Group Australian Industry Index® are available free of charge to members at any time via email from our economics research team economics@australianindustrygroup.com.au. Our data is available to non-members on an annual subscription basis or a one-off purchase. Our data subscribers receive the report and time series data for the activity index, sector and selected states via email each month.

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    Australian Industry Group is the peak membership body for Australian industry, linking you to the insights, services and expertise you need to be successful. As a member of Australian Industry Group, you are part of a powerful, credible and experienced industry community.