The manufacturing sector in Australia fell into contraction territory in March, the latest survey from S&P Global revealed on Wednesday with a manufacturing PMI score of 49.8.
That's down from 51.0 in February and it moves beneath the boom-or-bust line of 50 that separates expansion from contraction.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.