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.

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