Australian Manufacturing PMI February Final 50.4 (prior was 50.2)

S&P Global Australian FINAL Manufacturing PMI for February 2025

50.4, highest level in two years

• preliminary was 50.6
• prior was 50.2

Commentary from the report, bolding is mine:

• “February’s Australian Manufacturing PMI data showed
  that business conditions in the goods producing sector
  continued to improve.
• Forward-looking indicators,
  including a renewed rise in new orders and the highest
  future output reading seen in nearly three years, further
  provided positive signals for output growth in the coming
  months.
• “While current production fell in February, this is largely
  a reflection of continued excess capacity in the early
  stages of demand recovery. This is likewise the reason
  for a marginal decline in employment levels and a
  sustained downturn in purchasing activity. It will be
  important to see further increase in new sales to help
  drive future output and employment growth in the goods
  producing sector.
• “Price pressures eased in the latest survey period with
  input prices notably rising at a pace below the long-run
  average in February, thereby supporting the softening
  of output price inflation. The continuation of an easing
  inflation trend will be important to help support
  improvements in demand over the coming months.”

This article was written by Eamonn Sheridan at www.forexlive.com.