Australia - CBA/Markit Manufacturing PMI for June (final): 51.2 (vs. preliminary 49.8 & prior 44.0)

Author: Eamonn Sheridan | Category: News

The CBA/Markit Manufacturing PMI for June (final) 51.2

Earlier:
Key points:
  • Australian manufacturing conditions showed some modest improvement in June, according to the headline PMI figure, as the country relaxed its lockdown measures. 
  • The survey indicated a marked easing in the rates of decline in both production and new orders while confidence rose to a 16-month high on hopes of a further improvement in the coming months. 
  • However, firms were reluctant to invest in new capacity, and instead reduced employment and input purchasing in June to contain costs.
The CBA/Markit Manufacturing PMI for June (final) 51.2preliminary & prior is here



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