Australian S&P Global Manufacturing PMI Final (Apr) 51.3 (Prev. 49.8)
- “After March PMI data had highlighted the initial impacts of the war in the Middle East, the April figures highlight an intensification in those effects. The price and availability of fuel is of particular concern, with disruption to supplies feeding through to much more pronounced input cost increases and supply-chain delays compared to March."
Context
The final reading for Australia's S&P Global Manufacturing PMI for April improved to 51.3 from 49.8, indicating a return to expansion in manufacturing activity. However, the report highlights ongoing challenges, particularly regarding fuel supply disruptions and rising input costs, likely elevating inflation concerns and impacting policy outlooks moving forward.
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