Australian S&P Global Manufacturing PMI (Final, May 2025) 51.0 (Prev. 51.7) ...Middle East

Australian S&P Global Manufacturing PMI Flash reading for May 2025: 51.7 (prior 51.7)

Comes in at 51.0

prelim was 51.7, prior also 51.7

Production shrinks for the first time in three months

New orders rise at weaker pace Stocks of purchases decline as buying activity falls

Commentary from the report is upbeat regardless

“May’s Australia Manufacturing PMI data revealed that the goods producing sector continued to expand.

Despite a moderation in the pace of growth, anecdotal evidence suggested that the slower rate of expansion, including a slight reduction in output, was partially driven by the election and may therefore prove temporary. Indeed, forward-looking indicators provided signs that output may increase in the coming months with renewed export order growth, and the first recorded lift to business confidence since February. Employment gains also continued at a solid pace as firms showed willingness to backfill previously lost roles to support operations.“On the price front, easing inflation in May also represented a positive development for demand growth in the coming months, with cost pressures among the lowest in over a year.” This article was written by Eamonn Sheridan at www.forexlive.com.

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