Australian Manufacturing

Manufacturing Growth Slows in February as S&P Global PMI Signals Softer Expansion

Australia’s manufacturing PMI slipped to 51.0 in February, the fourth consecutive month above the growth threshold but the weakest since the expansion began. The index fell from 52.3 in January, marking the first output contraction in four months. New‑order growth slowed, particularly from overseas, while firms adopted a cautious inventory stance. Despite softer momentum, manufacturers expect modest output growth in the coming months.