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Economy And The Numbers

Australia Manufacturing PMI Slows To 52.8 In October - S&P Global

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The manufacturing sector in Australia continued to expand in October, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 52.8.That's down from 53.5 in September, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.As a result of the slowdown in demand growth, manufacturers turned cautious with ...

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