Australia data – October Manufacturing PMI 52.7 (preliminary 52.8, prior 53.5) | Forexlive

Comments from Markit:

• The latest Australian Manufacturing PMI reflected
  continued expansion at the start of the fourth quarter,
  though the rate of growth slowed from September.
  Foreign demand for Australian manufactured goods
  notably saw growth slow to almost a halt in the latest
  survey.
  Positively, suppliers’ delivery times lengthened at
  the slowest rate since before the COVID-19 pandemic
  hit while prices also increased to the weakest degree
  since early 2021. This suggested the easing of these
  manufacturing sector constraints, although there
  remained some reports that purchasing activity
  remained mildly affected by supply issues.
  Business sentiment meanwhile showed signs of a
  turnaround with the uplift in business confidence from
  the September low, which was a positive sign for sector
  growth in the near-term.

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AUD/USD is little changed on the data release.