Australia PMI Manufacturing Stuck at 49.6 as Demand Weakens and Supply Costs Climb

Australia’s manufacturing sector contracted for a second consecutive month in October, with S&P Global PMI Manufacturing unchanged at 49.6, matching its lowest reading since December 2024. Beneath the steady headline, demand conditions deteriorated further, with new orders falling at their fastest pace since December 2024. Production consequently registered another solid contraction, while manufacturers reduced employment […] The post Australia PMI Manufacturing Stuck at 49.6 as Demand Weakens and Supply Costs Climb appeared first on ActionForex.