Australian final manufacturing PMI for June plunges further into contraction @ 47.2 | Forexlive

The final June reading is 47.2, the lowest in 3 months and the fifth month in a row in contraction

Some of the comments from the report:

• manufacturing
  sector’s key activity indicators have softened to the cyclical
  lows seen earlier in the year
• Manufacturers are marginally
  scaling back production through reduced headcounts
  and inventories in response to prolonged difficult trading
  conditions in the sector
• employment index dipped back below the neutral level.
  Manufacturers, on average, have been gradually reducing
  headcounts throughout 2024
• margin
  pressures in the manufacturing sector appear to be picking
  up. The input price index climbed significantly to 58.4 in June,
  which, while slightly down on the prior month, is above the
  average reading of 56.0 seen over the first four months of
  the year. The rise in input price pressures doesn’t appear to
  have been passed onto consumers, with the output price
  index remaining subdued at cyclical lows in June.