Australian March final Manufacturing PMI 47.3 (prior 47.8) ...Middle East

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Australian March final Manufacturing PMI 47.3 (prior 47.8)
The Manufacturing PMI for March 2024 for Australia via S&P Global / Judo Bank:47.3the preliminary was 46.8 while the previous month's (February) was 47.8new orders fell at the equal fastest rate since May 2020rates of inflation reported eased backFrom the report:the latest PMI survey suggests little cyclical recovery is imminentManufacturing PMI weakened further in March to a cyclical low of 47.3output and new orders indexes holding near cyclical lowsthe employment index in the manufacturing sector fell to a new cyclical low and was well below the 50.0 index levelstretched supplier delivery times in 2024 likely reflect shipping disruptions in the Middle Eastcost pressures eased slightly in M

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