Australian S&P Global Manufacturing PMI (Final, May 2025) 51.0 (Prev. 51.7)

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.