Economic Buzz: Australias Manufacturing Activity Continues To Expand

23 Jun 2022 , 11:02 AM

The manufacturing sector in Australia continued to expand in June, and at a slightly faster rate, the latest survey from S&P Global revealed, with a manufacturing PMI score of 55.8. Thats up from 55.7 in May, and it moves further above the boom-or-bust line of 50 tat separates expansion from contraction. Manufacturing production growth accelerated in June, extending the current sequence of expansion to five months. In line with output expansion, the rate of new order growth quickened. The survey also showed that the services index slipped to 52.6 in June from 53.2 in May, while the composite index eased to 52.6 from 52.9.Powered by Commodity Insights