Phenomenalism, or Neutral Monism, in Mach’s Analysis of Sensations?

I set out the factors which tempt people into reading Ernst Mach's book The Analysis of Sensations as putting forward either a version of phenomenalism or a version of neutral monism, and then assess the strengths and weaknesses of these two readings. I present an ‘internal’ view of that text, showing that it by no means mandates the phenomenalist reading, and that a case for something more like the neutral monist reading can be made from within that book, indeed largely from within its famous first chapter.