MT Newswires -Shutterstock <\/p>\n
Australia’s factory output remained in expansionary territory in December despite new orders and exports easing.<\/p>\n
The headline seasonally adjusted S&P Global Australia Manufacturing Purchasing Manager’s Index or PMI remained at 51.6 month on month, according to a Friday press release. <\/p>\n
The reading showed modest improvement as it stayed above the threshold of 50, with growing new work inflows a key factor for the increase in production. However, new export orders slowed down amid stringent competition and weaker foreign demand. <\/p>\n
“Although the rates of new order and output growth both slowed at the end of the fourth quarter, it was positive to see a higher level of business confidence and upticks in both hiring and purchasing activity, which reflected positive expectations for higher output in the coming year,” Jingyi Pan, S&P Global Market Intelligence’s economics associate director, said.<\/p>\n
New beef tariffs from China are expected to weigh on imports from Australia, slowing down the global trade of its meat products. Before 2025 ended, China’s Commerce Ministry announced a 55% tariff on beef from its global trading partners, including Australia. <\/p>\n
Moreover, cost pressures impacted producers, weakening the growth of supply conditions, S&P Global said.<\/p>\n
Despite the easing of market conditions, S&P Global said business sentiment for the manufacturing sector remained upbeat in December, anticipating new products and expansion plans that may boost sales for the next 12 months.<\/p>\n","protected":false},"excerpt":{"rendered":"MT Newswires -Shutterstock Australia’s factory output remained in expansionary territory in December despite new orders and exports easing.…\n","protected":false},"author":2,"featured_media":386816,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,35798,44],"class_list":["post-386815","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-commerce-ministry","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/386815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=386815"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/386815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/386816"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=386815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=386815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=386815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}