Earlier we had the AIG manufacturing PMI: Australia - AiG Manufacturing PMI for October: 51.6 (prior 54.7)
This the second of the month's PMI's from Australia. Both are lower on the month.
Key points:
- Operating conditions were unchanged, with declines reported in both production and new orders.
- Firms cut back on their purchasing activity while stocks of both inputs and finished goods fell further.
- Input inflation intensified, but charges rose only modestly. Business sentiment remained below the historical average.
-
AUD unmoved.
