Financial News: Australia Manufacturing PMI Drops To 51.7 In April

Australia Manufacturing PMI Drops To 51.7 In April - S&P Global

04/22/2025 - 19:07:00 (RTTNews)

(RTTNews) - The manufacturing sector in Australia continued to expand in April, albeit at a slower rate, the latest survey from S&P Global revealed on Wednesday with a manufacturing PMI score of 51.7.

That's down from 52.1 in March, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

The services and composite PMIs both slipped to 51.4 in April from 51.6 in the previous month.

Business activity in Australia expanded at the start of the second quarter of 2025, driven by higher new business inflows. Improvements across both the manufacturing and service sector led to the fastest rise in new work since April 2022.

In turn, outstanding business accumulated at the sharpest pace in nearly three years. This was despite another solid rise in headcounts. Higher demand also enabled firms to raise selling prices at a quicker pace in April as costs continued to rise at a steep rate. That said, confidence moderated among Australian companies while exports further contracted following tariff uncertainties in April.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Improves Much More Than Expected In June (29 min(s), 14 sec(s) ago)
(RTTNews) - Preliminary data released by the University of Michigan on Friday showed a substantial ...Full Story»

Croatia Producer Prices Rise 1.2% (43 min(s), 14 sec(s) ago)
(RTTNews) - Croatia's producer prices rebounded in May, figures from the Croatian Bureau of St ...Full Story»

UK Inflation Expectations Soften In May (59 min(s), 14 sec(s) ago)
(RTTNews) - Britons' short-term inflation expectations softened in May, the latest quarterly I ...Full Story»

Eurozone Trade Surplus Declines To 3-Month Low (01 min(s), 14 sec(s) ago)
(RTTNews) - Eurozone trade surplus declined to a three month low in April as demand from the US so ...Full Story»

Slovakia Inflation Rises To 4.1%, Highest In 17 Months (14 min(s), 46 sec(s) ago)
(RTTNews) - Slovakia's consumer price inflation accelerated in May to the highest level in nea ...Full Story»

Poland Inflation Eases More Than Estimated (01 hr(s), 01 min(s), 46 sec(s) ago)
(RTTNews) - Poland's consumer price inflation moderated more than initially estimated in May t ...Full Story»

Eurozone Industrial Output Falls For First Time In Four Months (02 hr(s), 01 min(s), 46 sec(s) ago)
(RTTNews) - Eurozone industrial production declined for the first time in four months in April as ...Full Story»

Spain Inflation Slows Less Than Estimated (02 hr(s), 57 min(s), 46 sec(s) ago)
(RTTNews) - Spain's consumer price inflation slowed less than estimated in May, final data fro ...Full Story»