Australia Oct PMI revised down to 49.6; inflation gauge accelerates to 0.5%

What happened: The S&P Global Australia Manufacturing PMI was revised down to 49.6 in October 2026 from a preliminary 49.7, unchanged from September's 21-month low and marking a second straight month of sector contraction. Key numbers: PMI 49.6 in October 2026, revised from 49.7 preliminary; September reading 49.6, a 21-month low; inflation gauge up 0.5%. Why it matters: The content attributes the contraction to the sharpest drop, while the inflation gauge accelerated to 0.5%, indicating price pressure alongside weakening manufacturing activity.

The S&P Global Australia Manufacturing PMI was revised down to 49.6 in October 2026 from a preliminary 49.7, unchanged from September's 21-month low and marking a second straight month of sector contraction.

The content attributes the contraction to the sharpest drop, while the inflation gauge accelerated to 0.5%, indicating price pressure alongside weakening manufacturing activity.