# Australia’s factory PMI stuck at 49.6 as new orders drop at fastest pace since 2024

> Australia's manufacturing PMI held at 49.6 in October, a second month of contraction, with new orders falling at the fastest pace since December 2024. Input costs rose at the quickest rate since June as Middle East shipping delays stretched lead times.

- Date: 2026-11-01 · published 2026-11-02T03:10:01.109Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/74697-australia-s-factory-pmi-stuck-at-49-6-as-new-orders-drop-at-fastest-pace-since
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Weak domestic factory demand alongside rising input costs points to softer activity and persistent goods inflation, mixed signals for the Australian dollar with no clear commodity demand impact.

## Read by commodity

- AUDUSD: neutral
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2021-06-28 | [New streak underway: DOE/EIA diesel price up 9th straight week - FreightWaves](https://feedsoft.ai/events/46785-new-streak-underway-doe-eia-diesel-price-up-9th-straight-week-freightwaves.md) | +1.5% | +0.3% |
| DIESEL | 2018-02-11 | [As oil falters, fuel that drove bull run is cruising in Asia - The Business Times](https://feedsoft.ai/events/11358-as-oil-falters-fuel-that-drove-bull-run-is-cruising-in-asia-the-business-times.md) | +2.9% | +0.2% |
| DIESEL | 2026-09-10 | [Diesel Price Record High, North Dakota Grain Car Orders Exceed 1,000 \| Grain Transportation Report - News and Statistics - IndexBox](https://feedsoft.ai/events/17638-diesel-price-record-high-north-dakota-grain-car-orders-exceed-1-000-grain.md) | +9.9% | -0.4% |
| DIESEL | 2026-10-29 | [India's top state refiner sees diesel and jet demand rising as ULSD heating oil sits at $4.77/gal — EnergyReader.io](https://feedsoft.ai/events/276-india-s-top-state-refiner-sees-diesel-and-jet-demand-rising-as-ulsd-heating-oil.md) | -2.4% | — |
| DIESEL | 2019-03-15 | [IMO2020: Compliance a key; IEA gives some hard numbers on distillate impact - FreightWaves](https://feedsoft.ai/events/60273-imo2020-compliance-a-key-iea-gives-some-hard-numbers-on-distillate-impact.md) | +0.1% | +4.5% |

## Sources

- investinglive.com: https://investinglive.com/news/australia-s-factory-pmi-stuck-at-49-6-as-new-orders-drop-at-fastest-pace-since-2024/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.