Australia's manufacturing PMI increased to 49.7 in June, nearing stabilization after four months of contraction.

Australia's manufacturing PMI increased to 49.7 in June from 49.6 in May, approaching a stabilization phase after four months of contraction. While the sector remains below the 50.0 threshold, employment indicators improved and input/output prices are at their highest level since 2022, signaling underlying resilience. Future PMI readings will determine if the positive trend continues.