Financial News: Australia Manufacturing PMI Unchanged At 50.1

Australia Manufacturing PMI Unchanged At 50.1 - S&P Global

03/23/2026 - 19:57:00 (RTTNews)

(RTTNews) - The manufacturing sector in Australia continued to barely expand in March, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 50.1.

That's unchanged from the February reading and it remains just barely above the boom-or-bust line of 50 that separates expansion from contraction.

Manufacturing data showed cost inflation at a three-and-a half year high despite muted demand for inputs and lower employment. Panel members linked the increase to elevated raw material prices and fuel costs, often a result of war in the Middle East which was also seen to have severely disrupted supply chains.

The survey also showed that the services PMI posted a score of 46.6, down from 52.8 in February and the composite PMI fell to 47.0 from 52.4 a month earlier.

Qualitative evidence linked lower output to a deterioration in demand conditions, in part a reflection of global uncertainty and economic disruption due to the Middle East war.

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Financial News: Australia Manufacturing PMI Unchanged At 50.1 - S&P

Australia Manufacturing PMI Unchanged At 50.1 - S&P Global

RECENT INTERNATIONAL FINANCIAL NEWS

INTERNATIONAL FINANCIAL NEWS

New Zealand Services Index Falls To 46.0 In March - BusinessNZ

Indonesia Retail Sales Data Due On Monday

U.S. Factory Orders Virtually Unchanged For Second Straight Month In February

U.S. Consumer Sentiment Plunges To Record Low In April

Slovakia Industrial Production Falls 2.9%