finance
Australia's June Manufacturing PMI Rises to 51.2
The flash manufacturing PMI increased from 50.7 in May. Services and composite readings improved but stayed below the 50 threshold that separates expansion from contraction.
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Australia's June flash manufacturing PMI rose to 51.2 from 50.7 the previous month. The reading above 50 indicates expansion in factory activity. Officials described the increase as a sign of improving industrial momentum.
The services PMI climbed to 49.9.
The composite PMI reached 49.8. Both figures remain below the 50 mark that signals growth. The data suggest the broader economy continues to contract, though at a slower pace than before.
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CorroborationModerate · 2 sources
