Australia Industry Index

The Ai Group Australian Industry Index declined 0.6 points to -12.5 seasonally adjusted in November. The indicator has continued to recover through 2025, but activity remains mixed. Domestic and some export demand was subdued and customer hesitation, project delays, weather impacts and increased offshore sourcing offset gains in parts of the economy. The employment index fell 5.9 points to -5.9, reversing October’s gains, as firms typically chose not to replace leavers and widespread skill shortages continued to limit productivity while some firms shelved vacancies. New orders and input volumes both deteriorated in November, but trend data show the recovery in new orders has stalled since June—respondents cited erratic demand, fewer enquiries, project delays and rising offshoring. Pricing indicators point to re-emerging cost pressures: the input price indicator rose 6.3 points, while sales prices and wages were broadly steady as more firms sought to pass on higher input costs.