Australian final manufacturing PMI for October: 48.2 (prior 48.7) | Forexlive

Flash Judo Bank / S&P Global October PMI reading is here:

Warren Hogan, Chief Economic Advisor at Judo Bank commentary from the report, in summary:

• The slight decline in the PMI
  index to 48.2 masks a more profound fall in the key output and
  new orders indexes.
• The output and new orders indexes fell to concerning levels in
  October, lower than what would normally be associated with
  a soft patch.
• The employment index fell to the lowest level since the 2020
  lockdowns, although the index level remains above the 50
  index level.
• The solid employment result also cautions against reading
  too much into the falls in output and new orders in October.
• Cost pressures increased further in October, with the input
  price index rising to the highest level since March. There
  has been a clear upward trend for costs since the June low
  point, which is indicative of an intensification of business cost
  pressures in the current financial year.
• Contrary to rising input prices, there has been another fall
  in the output price index. Output prices remain above the
  neutral 50 level, indicative of low inflation of manufactured
  goods. Output prices are now back down to what would be
  considered normal prior to the pandemic.
• Rising cost pressures and low final price inflation do not bode
  well for manufacturers’ margins and profitability. If margin
  pressures are sustained, businesses will eventually need to pull
  back on investment and hiring to protect profitability.