Australia Commonwealth Bank / Markit Manufacturing PMI for December (final) comes in at 54.0
- preliminary 53.7
- prior 54.6
Major points:
continued expansion in overall new orders
- robust demand conditions
export orders rising for a sixteenth straight month
strong rate of output expansion
capacity pressures were also evident among manufacturers
- Backlogs accumulated for a fifth month running
signs of easing inflationary pressures
- lower global oil prices
- Input costs rose at the weakest pace for nearly a year
business confidence remained elevated
- but slipped to the lowest in two-and-a-half years amid some concerns over the housing market
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AUD response is negligible, down a few tics after the data