Financial News: Australia Manufacturing Activity Strengthens In February

Australia Manufacturing Activity Strengthens In February

03/03/2025 - 01:16:00 (RTTNews)

(RTTNews) - Australia's manufacturing activity strengthened with new orders rising for the first time since November 2022, final survey results from S&P Global showed on Monday.

The final manufacturing Purchasing Managers' Index registered 50.4 in February, up from 50.2 in January. The flash reading was 50.6.

The score signaled second consecutive expansion in the manufacturing sector. Moreover, the index suggested the strongest growth in activity since February 2023.

Underpinned by higher export orders, new orders returned to growth. Despite the growth in new orders, manufacturing output declined in February.

There was a marginal decline in employment levels in February. Purchasing activity also decreased, lengthening the period of decline to nearly two-and-a-half years.

Input prices continued to increase on higher raw material, energy and shipping costs. Manufacturers raised their selling prices but the rate of inflation was the lowest since last November.

Confidence among manufacturers remained positive in February. The level of confidence was the highest since April 2022.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Construction Spending Unexpectedly Dips 0.2% In January (01 hr(s), 28 min(s), 24 sec(s) ago)
(RTTNews) - Construction spending in the U.S. unexpectedly edged modestly lower in the month of Ja ...Full Story»

U.S. Manufacturing Index Edges Lower But Still Indicates Modest Growth In February (01 hr(s), 33 min(s), 24 sec(s) ago)
(RTTNews) - A report released by the Institute for Supply Management on Monday showed its reading ...Full Story»

Finland HICP Inflation Slows To 1.5% (02 hr(s), 21 min(s), 24 sec(s) ago)
(RTTNews) - Finland's EU measure of inflation eased slightly in February, a flash data from St ...Full Story»

Portugal Industrial Output Shrinks 4.3%, Retail Sales Growth Improves (02 hr(s), 50 min(s), 24 sec(s) ago)
(RTTNews) - Portugal's industrial production decreased for the third straight month in January ...Full Story»

UK Manufacturing Downturn Deepens February (03 hr(s), 27 min(s), 24 sec(s) ago)
(RTTNews) - UK manufacturing activity deteriorated at the steepest pace in fourteen months in Febr ...Full Story»

Eurozone Inflation Slows To 2.4% (03 hr(s), 48 min(s), 24 sec(s) ago)
(RTTNews) - Eurozone inflation eased slightly in February partly reflecting the slowdown in servic ...Full Story»

UK Mortgage Lending Strongest Since 2022, Approvals Fall Slightly (04 hr(s), 01 min(s), 24 sec(s) ago)
(RTTNews) - Mortgage borrowing of British homebuyers hit the highest since September 2022, while h ...Full Story»

Hong Kong Retail Sales Decline Eases (04 hr(s), 08 min(s), 24 sec(s) ago)
(RTTNews) - Hong Kong's retail sales value declined for the eleventh successive month in Janua ...Full Story»