The preliminary for this was better, its here:

Comes in at 51.0

  • prelim was 51.7, prior also 51.7

Production shrinks for the first time in three months

  • New orders rise at weaker pace
  • Stocks of purchases decline as buying activity falls

Commentary from the report is upbeat regardless

“May’s Australia Manufacturing PMI data revealed that the goods producing sector continued to expand.

  • Despite a moderation in the pace of growth, anecdotal evidence suggested that the slower rate of expansion, including a slight reduction in output, was partially driven by the election and may therefore prove temporary.
  • Indeed, forward-looking indicators provided signs that output may increase in the coming months with renewed export order growth, and the first recorded lift to business confidence since February.
  • Employment gains also continued at a solid pace as firms showed willingness to backfill previously lost roles to support operations.
  • “On the price front, easing inflation in May also represented a positive development for demand growth in the coming months, with cost pressures among the lowest in over a year.”
s&P global Australia manufacturing pmi may 2025 2
Source: Forex Live