Australian July Manufacturing PMI (final) 47.5 (prior 47.2)

I show You how To Make Huge Profits In A Short Time With Cryptos!

S&P Global / Judo Bank Australian Manufacturing PMI for July 2024

  • prior 47.2, preliminary 47.4

From the report, key findings:

  • Manufacturing output decline accelerates amid
    falling new orders
  • Export orders contract at fastest pace in four years
  • Job shedding unfolds at quickest rate since June 2020

In summary:

  • Output and new orders are at cyclical low levels, indicating a slowdown in manufacturing.
  • Employment index below 50 suggests job shedding, potentially due to structural changes.
  • Input prices remain stable but elevated
  • Output price inflation is low, aligning with RBA’s inflation target.
  • Low inventory levels reflect caution in production.

This article was written by Eamonn Sheridan at www.forexlive.com.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *