Commonwealth Bank Manufacturing PMI for October, comes in improved from the September result
- Hits a four month high
I was expecting this tomorrow - here it is (the number at least) a wee but earlier than that! I have the headline number but not the detail at this stage.
OK, here we go (in brief):
- Both output and new orders higher
- Employment increased at its fastest in 10 months
- Export orders up at quickest since July
CBA chief economist Michael Blythe comment:
- "The rise in labour demand is an encouraging sign that manufacturers are seeking to take advantage of the positive backdrop."
