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Australian April final manufacturing PMI slips further into contraction

The Judo Bank / S&P Global final reading for Australia's April Manufacturing PMIComes in at 48.0preliminary was 48.1 prior 49.1Awful result, extending its one year downtrend further into contraction:From the commentary to the report, in brief:New orders were the weakest component of the PMI in April indicative of further production weakness ahead. Exports orders fell in the month and are the weakest they have been since mid-2020.Domestic goods demand is also on a softer path after the strength... Read More

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Content Topics

Australian

April

Final

Manufacturing

Slips

Further

Into

Contraction

Forex

Posted: Apr 30 2023, 23:12

Author Name: forexlive

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