Australia — CBA / Markit Manufacturing PMI (October) 55.5 (prior 53.8)

Commonwealth Bank Manufacturing PMI for October, comes in improved from the September result

  • Hits a four month high

I was expecting this tomorrow — here it is (the number at least) a wee but earlier than that! I have the headline number but not the detail at this stage. OK, here we go:

  • Both output and new orders higher
  • Employment increased at its fastest in 10 months
  • Export orders up at quickest since July

CBA chief economist Michael Blythe comment:

  • «The rise in labour demand is an encouraging sign that manufacturers are seeking to take advantage of the positive backdrop.»

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