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