Decline in Australia Manufacturing PMI Signals Economic Pressure
Monday, 1 July 2024, 07:22
Australia Manufacturing PMI Report
The Judo Bank Australia Manufacturing PMI fell to 47.2 in June 2024 from 49.7 in May, highlighting a downward trend in sector performance.
Key Findings:
- Decrease to 47.2, the most significant decline since May 2020
- Continued deterioration for five consecutive months
The data suggests growing economic challenges and uncertainties that may impact future growth prospects.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.