CBA / Markit Manufacturing PMI for March 2019 (final):
- preliminary 52.0 (more here: Australia flash PMIs (March))
- prior 52.9
Key points made in the report (in summary):
- growth was the softest seen since July 2016
- A slower expansion in output and lower employment weighed on the headline index
- Backlog accumulation was marginal while the rise in purchasing activity was modest
- Meanwhile, inflationary pressure persisted, with solid increases seen in both input prices and output charges
- Business confidence remained positive
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We had the first of the monthly manufacturing PMIs from Australia a little earlier:
