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Judo Bank: Australia’s manufacturing PMI slips to 50.0 in January

The manufacturing sector in Australia slipped into stagnation in January with a manufacturing Purchasing Managers’ Index (PMI) score of 50.0, down from 50.2 in December 2022, marking the conclusion of a 31-month growth streak.

Australian private sector continues to slow down in December

The latest Judo Bank Australia Composite PMI result marks a decline from November’s 48.0 and signals a third consecutive contraction in private sector output. 

Australian Manufacturing PMI declines to 50.2 in December— Judo Bank

Market activity in Australia’s manufacturing sector has experienced further contraction at the end of 2022, with the seasonally adjusted S&P Global Australia Manufacturing Purchasing Managers’ Index (PMI) standing at 50.2. 
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