Big jump for the Australian March Manufacturing PMI, final comes in at 52.1 (prior 50.4)

Australia S&P Global PMI Manufacturing Marcah 2025, final: 52.1

• preliminary was 52.6
• prior was 50.4

Commentary from the Caixin report:

• “March's manufacturing PMI data brought positive news with indications of the strongest improvement in manufacturing sector conditions in nearly twoand-a-half years. The latest expansions of goods new orders and output represented a nascent recovery of the sector. That said, some forward-looking indicators brought conflicting signals regarding growth in the coming months with the level of business confidence notably having eased in March.
• "Overall, it was encouraging to see the rise in demand driving the fastest rise in employment in two years. Firms were also seen willing to backfill positions that were left empty previously in anticipation of higher future production. Additionally, restocking at manufacturers were also observed in the latest survey period. "Turning to prices, the reduction in selling price inflation is a positive development, but the squeeze on margins amid another steep rise in input prices will need to be monitored.”