Last month 55.5
The CBA Australian manufacturing PMI for the month of November comes in at 56.3 versus 55.5 last month. There were no estimates for the release.
The report is produced by the Commonwealth Bank of Markt economics. A reading above 50 signals expansion while a reading below 50 is indicative of a contracting manufacturing sector.
- last year the index came in at 57.1
- this reading is the highest since March 2017
- Output rises to 56.1 versus 54.0 in October. That was the highest reading since June 2017
- New orders rose versus the prior month and was the highest level since June 2017 (no number reported)
Per the report:
"Growth in the Australian manufacturing sector gained further momentum in November, underpinned by the strongest increases in output and new orders for five months. With manufacturers confident that demand growth will be sustained, output prices were raised. Meanwhile, rising capacity pressures encouraged firms to add to their payrolls at a quickened pace, with the rate of job creation at a survey peak."
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