July’s upward revision to 52.0 signals accelerating factory activity, marking the fourth straight month of expansion.
Australia’s manufacturing sector expanded at its fastest pace in six months during July, with the final S&P Global Manufacturing PMI revised upward to 52.0. The reading improved from June’s 51.5 and the preliminary estimate of 51.7, extending growth for a fourth consecutive month.
The index remains above the 50 threshold that separates expansion from contraction, reflecting improving business conditions. June’s print stood at 51.5, while the preliminary July reading was 51.7, indicating a steady but modest recovery in factory activity.
No immediate market reaction was reported following the release.