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Australia’s manufacturing sector showed no sign of momentum shift in October, with the S&P Global Manufacturing PMI unchanged at 49.6. The reading, recorded for October 2026 and updated on 1 November 2026, matches the previous month’s level and keeps the index below the 50-point threshold that separates expansion from contraction.
The flat reading at 49.6 suggests that operating conditions in the manufacturing sector continue to deteriorate modestly, without either a marked worsening or an improvement. With the PMI stuck in contraction territory, the data signal ongoing pressure on Australian manufacturers, as demand and output remain subdued rather than rebounding.