empty
 
 

2022.03.3122:08:00UTC+00Australia Manufacturing PMI Climbs To 57.7 In March - S&P Global

The manufacturing sector in Australia continued to expand in March, and at a faster rate, the latest survey from S&P Global showed on Friday with a manufacturing PMI score of 57.7.

That's up from 57.0 in February and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

This marked the twenty-second consecutive month in which the sector has grown. Manufacturing production increased during March, supported by even faster demand growth as market demand improved according to panelists.

However, some firms reported that further output expansion had been constrained by issues of manpower and material shortages, in addition to flooding and COVID-19 disruptions in March. Foreign demand remained lackluster, with manufacturers linking the persistent contraction to shipping issues and the Ukraine war.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback