Australia Manufacturing PMI surveys factory purchasing managers on output, orders and hiring; a reading above 50 means manufacturing is expanding and below 50 means it is contracting.
Actual
51
Forecast
51.5
Previous
52.3
Australia Manufacturing PMI for Feb came in at 51 versus 51.5 expected (previous 52.3), below forecast, which was negative for the AUD.
What it meant for the AUD
The actual landed below the 51.5 forecast (0.5 below expectations). A reading above forecast is generally bullish for the AUD, and below forecast bearish. On this release the read was negative for the AUD.
New to this release? See what Australia Manufacturing PMI measures, the next release and its full history.