Australia final manufacturing PMI rises to 52.0

The reading improved from 51.7, signaling continued expansion in the sector.

Summary

Australia's final manufacturing purchasing managers' index (PMI) climbed to 52.0 from 51.7, pointing to continued expansion in the sector. A reading above 50 indicates growth rather than contraction.

Terms & Concepts
  • PMI: Purchasing managers' index, a survey-based gauge of business activity.