A second Australian manufacturing PMI, this is the CBA/Markit Manufacturing Final PMI for May

Up from April, down from preliminary for May …. drum roll please …. result is 51.0

  • preliminary for May was 51.1
  • previous (for April) was 50.9

Summary of details:

  • rise in production
  • stronger growth in new orders
  • Export sales recovered
  • firms raised purchasing activity
  • input stocks fell for the first time in nearly three years
  • employment remained stagnant.