EL7.AI
Macro Economy•1 July 2026•
1 min read

Australia and Japan Manufacturing PMIs Signal Expansion in June

Key Facts

1Australia's manufacturing PMI rose to 51.5 in June, hitting a 5-month high.
2Japan's manufacturing PMI signaled its 6th consecutive month of growth, with BOJ sentiment reaching an 8-year high.

In a sign of continued resilience in the Asia-Pacific manufacturing sector, flash PMI data for June showed expansion in both Australia and Japan. According to reports, Australia's PMI rose to 51.5, its highest in 5 months, while Japan's PMI marked its 6th consecutive month of growth, with Bank of Japan sentiment hitting an 8-year high.

The readings come amid a mixed global economic backdrop. US GDP growth accelerated to 2.1% in the first quarter (per market data), but durable goods orders fell 4.5%. Australia's employment change surged by 40,300 jobs in June, beating forecasts and reinforcing the domestic recovery narrative.

Investors now await upcoming remarks from BOJ Governor Ueda and other policymakers for clues on the monetary policy path. South Korea's business confidence reading of 79 in June provides an additional gauge of regional industrial health. The next set of PMI releases in July will be the key test of whether this expansionary momentum can be sustained.