Australia AUD

Australia S&P Global Manufacturing PMI Final

Impact:
Medium
Source: Markit Economics

Latest Release:

Date:
Surprise:
-0.2
| AUD
Actual:
51.3
Forecast: 51.5
Previous/Revision:
52.7
Period: Nov
What Does It Measure?
The S&P Global Manufacturing Purchasing Managers' Index (PMI) Final for Australia measures the health of the manufacturing sector by assessing variables such as production levels, new orders, and employment. It focuses on key components like output, supplier delivery times, and inventory levels, operating on a scale where a value above 50 indicates expansion in the sector, while a value below 50 denotes contraction; this index serves as a national indicator.
Frequency
The S&P Global Manufacturing PMI Final is released monthly, typically on the first business day of the following month and represents a final figure that is not subject to revision.
Why Do Traders Care?
Traders closely monitor the Manufacturing PMI as it provides early insights into economic trends, influencing expectations for economic growth, inflation, and central bank policy. Stronger-than-expected PMI readings can bolster the Australian dollar and support equities, while weaker results may lead to bearish sentiment in financial markets.
What Is It Derived From?
The PMI is derived from a survey of purchasing managers across a representative sample of the manufacturing sector, assessing their perceptions on current business conditions. The survey employs a diffusion index methodology where responses regarding production, employment, and new orders are aggregated to create the final PMI figure.
Description
The S&P Global Manufacturing PMI Final is derived from responses collected from over 400 manufacturing companies in Australia, reflecting their current activity level and expectations for the future. It is particularly valuable as a timely indicator of economic momentum, providing insights that help analysts and traders gauge the overall economic climate.
Additional Notes
This indicator is regarded as a leading economic measure, often signaling future economic trends before they become evident in other data releases. It is also commonly compared with other PMI reports and economic indicators to assess the manufacturing segment's performance relative to the broader economy.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for AUD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
Nov 30, 2022
51.3
 51.5
52.7
 -0.2
Oct 31, 2022
52.7
 52.8
53.5
 -0.1
Oct 02, 2022
53.5
 53.9
53.8
 -0.4
Aug 31, 2022
53.8
 54.5
55.7
-0.7
Jul 31, 2022
55.7
 55.7
56.2
Jun 30, 2022
56.2
 55.8
55.7
 0.4
May 31, 2022
55.7
 55.3
58.8
 0.4
May 01, 2022
58.8
 57.2
57.7
1.6
Mar 31, 2022
57.7
 57.3
57
 0.4