Australia’s Services PMI Falls to Seven-Month Low of 48.5
Photo: TokenPost
Australia’s private-sector activity contracted in October 2026, as services fell below the expansion threshold and manufacturing output weakened. The services purchasing managers’ index (PMI) came in at 48.5, its lowest reading in seven months. A PMI below 50 signals contraction. The Ai Group Manufacturing Index dropped 13.4 points to -20.1. The pressures on manufacturing included sluggish demand, elevated input costs, labor shortages, shipping disruptions and foreign competition. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
