The Judo Bank Manufacturing PMI in Australia is an economic indicator that measures the health of the manufacturing sector. It is derived from monthly surveys of purchasing managers in the manufacturing industry, assessing variables such as output, new orders, employment, supplier delivery times, and inventory levels. A PMI above 50 indicates expansion, while below 50 signals contraction. This index is significant because it provides early insights into the economic activity and can influence financial markets by impacting investor sentiment and expectations for economic growth and monetary policy.
The Judo Bank Manufacturing PMI in Australia is an economic indicator that measures the health of the manufacturing sector. It is derived from monthly surveys of purchasing managers in the manufacturing industry, assessing variables such as output, new orders, employment, supplier delivery times,...