Preliminary 53.4, prior 51.2

Key points in brief:

  • output and new orders both returning to growth
  • Survey data also showed that firms stepped up their purchasing activity and business confidence remained positive
  • employment continued to be reduced despite a rise in backlogs of work
  • Prices signalled weakened inflationary pressures, with input prices and output charges increasing at slower rates

PMI improvement despite the 2nd round lock down in Melbourne.

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Earlier:

Australia - Manufacturing PMI for July: 53.5 (prior 51.5)

  • Australian Industry Group Performance of Manufacturing Index