S&P Global Australian FINAL Manufacturing PMI for February 2025
50.4, highest level in two years
- preliminary was 50.6
- prior was 50.2
Commentary from the report, bolding is mine:
- “February’s Australian Manufacturing PMI data showed
that business conditions in the goods producing sector
continued to improve. - Forward-looking indicators,
including a renewed rise in new orders and the highest
future output reading seen in nearly three years, further
provided positive signals for output growth in the coming
months. - “While current production fell in February, this is largely
a reflection of continued excess capacity in the early
stages of demand recovery. This is likewise the reason
for a marginal decline in employment levels and a
sustained downturn in purchasing activity. It will be
important to see further increase in new sales to help
drive future output and employment growth in the goods
producing sector. -
“Price pressures eased in the latest survey period with
input prices notably rising at a pace below the long-run
average in February, thereby supporting the softening
of output price inflation. The continuation of an easing
inflation trend will be important to help support
improvements in demand over the coming months.”
This article was written by Eamonn Sheridan at www.forexlive.com.
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