S&P Global Manufacturing PMI

Actual
48.1
Previous
49.1
Forecast
48.8

The Manufacturing Purchasing Managers Index (PMI) released by both the Commonwealth Bank of Australia and the S&P Global captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of total GDP, the Manufacturing PMI is an important indicator of business conditions and the overall economic condition in Australia. A result above 50 signals is bullish for the AUD, whereas a result below 50 is seen as bearish.

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