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Australia, India, and China: Manufacturing and Services Surge!

8/5/2025

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Summary

Story summary

Australia's manufacturing sector is on the rise, with the S&P Global PMI climbing to 51.3 in July, marking seven consecutive months of growth. Meanwhile, India's services sector soared to an 11-month high at 60.5, fueled by a surge in new export orders. China's services activity also thrived, boasting a PMI of 52.6, signaling robust demand and job creation.

History

Historical Context

Australia's manufacturing sector faced significant decline after major car manufacturers like Mitsubishi, Ford, Holden, and Toyota ceased operations between 2008 and 2017. In response, the National Manufacturing Strategy was introduced in 2010 to enhance competitiveness. This revival effort coincides with a broader global trend of increasing service sector activity, particularly in Asia, driven by rising export demand.

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Story summary

Australia's manufacturing sector is on the rise, with the S&P Global PMI climbing to 51.3 in July, marking seven consecutive months of growth. Meanwhile, India's services sector soared to an 11-month high at 60.5, fueled by a surge in new export orders. China's services activity also thrived, boasting a PMI of 52.6, signaling robust demand and job creation.

1 / 2