Australian manufacturing PMI for October 2024 (final) 47.3 (prior 46.7) ...Middle East

Judo Bank / S&P Global final manufacturing PMI for October 2024 in Australia comes in at 47.3. Another month in contraction. prior 46.7the preliminary was 46.6In summary from the report:Trading Conditions: Improved toward the end of October but remain weak historically, with gradual headcount reductions continuing. Output & New Orders: Increased slightly from previous lows, showing improvement compared to September; decline in output has stabilized. Household Stimulus Impact: Not benefiting local manufacturers significantly; services sector remains resilient in contrast. Exports: Subdued, with New Export Orders at low levels similar to the early pandemic. Employment: Manufacturing employment

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Australian manufacturing PMI for October 2024 (final) 47.3 (prior 46.7) ...Middle East

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