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
50.7
Forecast
50.2
Previous
51.3
Australia Manufacturing PMI for May came in at 50.7 versus 50.2 expected (previous 51.3), above forecast, which was positive for the AUD.
What it meant for the AUD
The actual landed above the 50.2 forecast (0.5 above expectations). A reading above forecast is generally bullish for the AUD, and below forecast bearish. On this release the read was positive for the AUD.
New to this release? See what Australia Manufacturing PMI measures, the next release and its full history.