Australian July Manufacturing PMI drops to 52.5 (from June's 54.0)

Australian Industry Group Performance of Manufacturing Index for July 2022 shows a slower rate of expansion

• Falls to 52.5 from June's 54.0, and thus still in expansion

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There is a second Australian Manufacturing PMI due at the top of the hour, from Markit / S&P Global.

• Economic calendar in Asia, Monday 1 August 2022 - another Manufacturing PMI from China

And also the China PMI from Markit (see link above). Over the weekend we got the first round of China PMIs for July, a bit of a shock drop into contraction for manufacturing:

• China official July Manufacturing PMI falls from June, and back into contraction. Again.

inflation