The preliminary for this was better, its here:
Australian S&P Global Manufacturing PMI Flash reading for May 2025: 51.7 (prior 51.7)
Comes in at 51.0
prelim was 51.7, prior also 51.7
Production shrinks for the first time in three
months
New orders rise at weaker pace
Stocks of purchases decline as buying activity falls
Commentary from the report is upbeat regardless
“May’s Australia Manufacturing PMI data revealed
that the goods producing sector continued to expand.
Despite a moderation in the pace of growth, anecdotal
evidence suggested that the slower rate of expansion,
including a slight reduction in output, was partially driven
by the election and may therefore prove temporary.
Indeed, forward-looking indicators provided signs
that output may increase in the coming months with
renewed export order growth, and the first recorded lift
to business confidence since February. Employment
gains also continued at a solid pace as firms showed
willingness to backfill previously lost roles to support
operations.“On the price front, easing inflation in May also
represented a positive development for demand growth
in the coming months, with cost pressures among the
lowest in over a year.”
This article was written by Eamonn Sheridan at www.forexlive.com.