S&P Global Manufacturing PMI

The Manufacturing Purchasing Managers Index (PMI) released by both the Commonwealth Bank of Australia and the S&P Global captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of total GDP, the Manufacturing PMI is an important indicator of business conditions and the overall economic condition in Australia. A result above 50 signals is bullish for the AUD, whereas a result below 50 is seen as bearish.