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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia S&P Global Manufacturing PMI fell to 50.7 in May 2026
FMPMonthlyReleased May 2026
Australia S&P Global Manufacturing PMI fell to 50.7 in May 2026, down 0.6 from April's 51.3 reading. The reading matched the 50.2 consensus.
Latest Release
50.700000
Actual
50.200000
Consensus
51.300000
Previous
Median Absolute Error
±0.29
across last 12 releases
Last Call
May 2026
Predicted: 49.83
Actual: 50.7
Error: -0.87
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P/ASX 200 | ▼ Inverse | −0.61 | INDEX | Bearish S&P | → View |
| AUD/NZD | ▲ Direct | +0.50 | FOREX | Bullish AUD | → View |
| XAU/USD | ▼ Inverse | −0.46 | COMMODITIES | Bearish XAU | → View |
| USD/JPY | ▲ Direct | +0.25 | FOREX | Bullish USD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Manufacturing PMI (Australia) was reported at 50.70 in May 2026. This beat the market consensus of 50.20 by 0.50. The reading fell from the previous value of 51.30. Over the past 12 months, the indicator has averaged 51.23, ranging from 49.70 to 53.00 across 16 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 50.23, down from the prior three at 50.87. Volatility over the past year (σ 0.96) is higher than the prior year (σ 0.48). In May readings over the past 3 years, S&P Global Manufacturing PMI has averaged 50.87.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P/ASX 200 (Bearish S&P). A secondary relationship exists with AUD/NZD, positively correlated (Bullish AUD). Over the last 12 releases, the Sigmacast model's median absolute error is 0.29.
WHAT TO WATCH NEXT
The next release is scheduled for June 22, 2026. Same-country events in the next 14 days include Interest Rate Decision (Jun 16) and RBA Rate Statement (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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S&P Global Manufacturing PMI - AU
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About S&P Global Manufacturing PMI — Australia
DEFINITION
The S&P Global Manufacturing PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in major economies around the world. It provides valuable insights into the health and growth of the global manufacturing industry, serving as a key barometer for investors, businesses, and policymakers. The index is based on a monthly survey of purchasing managers, and its timely and accurate data is highly regarded for its ability to forecast economic trends and inform decision-making.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 50.7, consensus 50.2. Prior reading (May 2026): 50.3. Before that (Apr 2026): 51.3.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with S&P/ASX 200 (Bearish S&P, r=-0.61) — a useful reference for index-focused traders.