The final manufacturing PMI for November from CBA, the flash reading was published last week

Comes in at 54.6, highest since June of this year

  • October was 54.5
  • preliminary for November was also 54.5

An improvement (albeit small) for this PMI while the other version (from AIG) showed a big drop.

Markit report highlights:

  • manufacturing sector remained solid
  • Output and new order growth accelerated
  • pick-up in export sales
  • a build-up in backlogs
  • firms continued to increase headcounts and scale up purchasing activity
  • cost pressures remained marked, leading firms to raise output charges further

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This is the second manufacturing PMI from Australia today, earlier on we got the Australian Industry Group's November manufacturing PMI.