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Australia Manufacturing Purchasing Managers Index (PMI)

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Australia Manufacturing Purchasing Managers Index (PMI)

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Delivery Method

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Status

 
Latest Release
May 23, 2022
Actual
55.3
Previous
58.8
The Australian Manufacturing Purchasing Managers Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance. A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.
Importance:
Country:
Currency: AUD
Source: Markit
Australia Manufacturing Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
May 23, 2022 19:00   55.3   58.8
Apr 21, 2022 19:00   57.9   57.7
Mar 31, 2022 18:00 57.7 57.3 57.0
Mar 23, 2022 18:00   57.3   57.0
Feb 28, 2022 18:00 57.0   55.1
Feb 20, 2022 18:00   57.6   55.1

News

Analysis

Marc Chandler
U.S. Dollar Surges Into The Weekend By Marc Chandler - Apr 22, 2022

The dollar is surging into the weekend, amid tumbling stocks and rising rates. The euro has been sold through $1.08 after reversing lower yesterday, despite the stronger than expected flash April PMI....

Jeffrey Halley
Powell’s Hawkish Talons Shred Equities By Jeffrey Halley - Apr 22, 2022

Federal Reserve Chairman Powell stopped an intraday equity rally in its tracks yesterday, after he signalled a 0.50% rate hike in May and that he was not unamenable to “front-loading” more 0.50% rate...

Manufacturing PMI Discussion

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