The manufacturing sector in Australia bounced back up into expansion territory, the latest survey from S&P Global showed on Thursday with a manufacturing PMI score of 51.0.
That's up from 49.8 in March and it moves above the boom-or-bust line of 50 that separates expansion from contraction.
Total new business placed at Australian businesses decreased for the second month running in April as raised levels of client uncertainty amid heightened geopolitical tensions dampened sales. While there was evidence of soft domestic demand, export orders increased again.
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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.