Financial News: Australia Manufacturing PMI Slows In May

Australia Manufacturing PMI Slows In May - S&P Global

06/01/2025 - 19:13:00 (RTTNews)

(RTTNews) - The manufacturing sector in Australia continued to expand in May, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 51.0.

That's down from 51.7 in April, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Incoming new orders expanded midway through the second quarter. This included better export demand, as orders from abroad grew for the first time in three months. The rate of overall new business growth softened to a three month low in May, however. This was partly attributed to the federal election.

Manufacturing production was also impacted, contracting for only the second time in the year-to-date. The rate of reduction was marginal but nevertheless led to the stalling of post-production inventory levels following two consecutive months of accumulation.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Improves Slightly More Than Previously Estimated In June (07 min(s), 44 sec(s) ago)
(RTTNews) - A report released by the University of Michigan on Friday showed consumer sentiment in ...Full Story»

U.S. Consumer Prices Inch Up In Line With Expectations But Core Price Growth Exceeds Estimates (43 min(s), 44 sec(s) ago)
(RTTNews) - While the Commerce Department released a closely watched report on Friday showing cons ...Full Story»

Brazil Jobless Rate Falls To 6.2% (39 min(s), 44 sec(s) ago)
(RTTNews) - Brazil's unemployment rate decreased in the three months ending in May, figures fr ...Full Story»

Turkish Economic Confidence Steady At 96.7 (20 min(s), 44 sec(s) ago)
(RTTNews) - Turkey's economic sentiment remained stable in June after rising marginally in the ...Full Story»

Iceland Inflation Rises To 4.2% (47 min(s), 44 sec(s) ago)
(RTTNews) - Consumer price inflation in Iceland accelerated in June after easing in the previous m ...Full Story»

Eurozone Economic Sentiment Falls Unexpectedly (37 min(s), 44 sec(s) ago)
(RTTNews) - Eurozone economic sentiment weakened unexpectedly in June primarily driven by reduced ...Full Story»

Belgium Inflation Rises To 2.15% (21 min(s), 44 sec(s) ago)
(RTTNews) - Belgium's consumer price inflation rose for the first time in five months in June ...Full Story»

U.S. Consumer Prices Inch Up 0.1% In May, In Line With Estimates (16 min(s), 44 sec(s) ago)
(RTTNews) - The Commerce Department released a closely watched report on Friday showing consumer p ...Full Story»

Financial News: Australia Manufacturing PMI Slows In May - S&P

Australia Manufacturing PMI Slows In May - S&P Global

RECENT INTERNATIONAL FINANCIAL NEWS

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Improves Slightly More Than Previously Estimated In June

U.S. Consumer Prices Inch Up In Line With Expectations But Core Price Growth Exceeds Estimates

Brazil Jobless Rate Falls To 6.2%

Turkish Economic Confidence Steady At 96.7

Iceland Inflation Rises To 4.2%