# Australian services PMI hits 7-month low of 48.5; Ai Group manufacturing index plunges

> Australia's S&P Global services PMI fell to a seven-month low of 48.5 in October, below the neutral 50 line. The Ai Group manufacturing index dropped 13.4 points to -20.1, and the Australian dollar weakened to around $0.70.

- Date: 2026-11-04 · published 2026-11-04T09:09:22.802Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/79494-australian-services-pmi-hits-7-month-low-of-48-5-ai-group-manufacturing-index
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Contracting Australian activity points to softer domestic demand and a weaker currency, which slightly lowers Australian export prices in USD terms for feed buyers.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- tradingview.com: https://www.tradingview.com/news/seekingalpha:f7f790119094b:0-australian-services-pmi-hits-7-month-low-of-48-5-ai-group-manufacturing-index-plunges/

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