Market vs. AIG PMI - Difference?

[Dominover]

Anyone know why the Market and AIG PMI's give different results?
Both manufacturing. What's the difference between the two?

 

[divs4ever]

Australia Services Purchasing Managers Index (PMI)​

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Latest Release
Aug 03, 2021
Actual
44.2
Forecast
44.2
Previous
56.8

The Australian Services Purchasing Managers Index (PMI) measures the activity level of purchasing managers in the services sector. The report is based on surveys of over 300 business executives in private sector services companies. Each response is weighted according to the size of the company and its contribution to total manufacturing or services output accounted for by the sub-sector to which that company belongs. Replies from larger companies have a greater impact on the final index numbers than those from small companies. Results are presented by question asked, showing the percentage of respondents reporting an improvement, deterioration or no change since the previous month.From these percentages, an index is derived: a level of 50.0 signals no change since the previous month, above 50.0 signals an increase (or improvement), below 50.0 a decrease (or contraction). Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance. A higher than expected reading should be taken as positive/bullish for the AUD , while a lower than expected reading should be taken as negative/bearish for the AUD.

Judo Bank Australia Services Purchasing Managers Index (PMI)

Get the Judo Bank Services PMI results in real time as they're announced and see the immediate global market impact.

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Australia AIG Manufacturing Index​

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Latest Release
Aug 01, 2021
Actual
60.8
Previous
63.2

The Australian Industry Group (AIG) Manufacturing index rates the relative level of business conditions in the sector. The data is based on a survey of about 200 manufacturers. A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.

A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.

Australian Industry Group (AIG) Manufacturing Index

Get the AIG Manufacturing Index results in real time as they're announced and see the immediate global market impact.

www.investing.com

caution there maybe be other Australian variations of the PMI depending on who they survey

 

[Dominover]

Anyone know why the Market and AIG PMI's give different results?
Both manufacturing. What's the difference between the two?

I find it odd that nobody can answer this!

 

[divs4ever]

one SEEMS to be ' services ' ( measures the activity level of purchasing managers in the services sector. ) and one SEEMS to be straight manufacturing . ( The data is based on a survey of about 200 manufacturers )

the purchasing managers will be ordering goods to fill orders/contracts , the other will be about goods actually manufactured