The manufacturing sector in Australia continued to expand in April, and at a faster rate, the latest survey from S&P Global showed on Monday with a manufacturing PMI score of 58.8.
That's up from 57.7 in March and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. This marked the twenty-third consecutive month in which the sector has grown.
Manufacturing output in Australia rose at a faster pace in April, supported by strong new orders growth as better market conditions underpinned an increase in demand. Foreign demand saw renewed growth following three consecutive months of contraction with the easing of border restrictions in some trading partner nations supported the change.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.