According to Judo Bank/Standard & Poor's Global, after seasonal adjustment, the Australian manufacturing purchasing managers' index (PMI) for October revised upwards, from the previous 46.7 to 47.3, higher than the market's expected confirmation of the initial value falling to 46.6. However, it has been contracting for nine consecutive months, but the contraction has slowed down, overall considered moderate.

In October, new commodity orders in Australia decreased again, continuing the trend of shrinking new orders for nearly two years; at the same time, the decline in export orders was even more significant, mainly affected by reduced demand in major export markets. With the inflow of new orders and output decline, procurement activities also decreased, with the largest decline in nearly four and a half years.