The second of the Australian manufacturing PMIs, the earlier release is here:
This one is from CBA/Markit, comes in at
- Prelims are here: Australian preliminary February PMIs: Manufacturing 53.1 (prior 53.9) Services 49.3 (51.0)
CBA/Markit key points:
- The middle of the first quarter saw further growth in Australia's manufacturing sector, but at its slowest pace in seven months.
- Softer expansions in output and new orders weighed on the headline PMI, while job creation was the weakest in two-and-a-half years.
- Notably, export orders grew marginally. Nonetheless, business sentiment improved.
- Meanwhile, inflationary pressures persisted, with output charges rising at a sharper rate.
