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S&P Global Australia Manufacturing PMI Final

Name: S&P Global Australia Manufacturing PMI Final
Creator: TipRanks

The 'S&P Global Australia Manufacturing PMI Final' is an economic indicator that measures the performance of the manufacturing sector in Australia. It is derived from monthly surveys of purchasing managers in the manufacturing industry, assessing variables such as output, new orders, employment, and prices. A PMI above 50 indicates expansion, while below 50 suggests contraction. This index is crucial for gauging economic health, influencing monetary policy decisions, and impacting financial markets as it provides insights into manufacturing activity, a key component of the economy.