Commonwealth Bank Manufacturing PMI for October, comes in improved from the September result

  • Hits a four month high

I was expecting this tomorrow - here it is (the number at least) a wee but earlier than that! I have the headline number but not the detail at this stage.

OK, here we go (in brief):

  • Both output and new orders higher
  • Employment increased at its fastest in 10 months
  • Export orders up at quickest since July

CBA chief economist Michael Blythe comment:

  • "The rise in labour demand is an encouraging sign that manufacturers are seeking to take advantage of the positive backdrop."