Australia's August manufacturing PMI remains in contraction for seventh consecutive month

seekingalpha09-02

The Judo Bank Australia Manufacturing PMI rose to 48.5 in August 2024 from 47.5 in July, remaining contractionary for the seventh consecutive month, although at the softest pace since May, it was also...

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More on Australia  Australia’s monthly CPI indicator rise hotter than expected in July to 3.5% Y/Y RBA minutes: No near-term rate cut expected as inflation persistently remains above target Australia's trade surplus widens more than expected, exports growth outpaces rise in imports Australia's Q2 inflation rate rises as expected, monthly CPI inflation eases to 3.8% Australia reports Q1 GDP growth of 0.1% below estimates","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4582":"ESG ETF-MSCI","FXA":"澳元ETF-CurrencyShares","FLAU":"Franklin FTSE Australia ETF","EWA":"澳大利亚ETF-iShares MSCI"},"translate_title":"澳大利亚8月制造业PMI连续第七个月保持收缩","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EWA":1,"FLAU":1,"FXA":1},"content_text":"The Judo Bank Australia Manufacturing PMI rose to 48.5 in August 2024 from 47.5 in July, remaining contractionary for the seventh consecutive month, although at the softest pace since May, it was also revised slightly lower from an initial reading of 48.7 as high borrowing costs and subdued demand weighed on new orders.  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