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Australia PMI composite dropped to 51.2, still early to call an end to RBA tightening

Australia’s PMI Manufacturing index stayed put at 48.0 in May, marking the joint-lowest reading since May 2020. On the other hand, PMI Services fell from 53.7 to 51.8, causing Composite PMI to decrease from 53.0 to 51.2. Warren Hogan, Chief Economic Advisor at Judo Bank, said, “The May Flash result shows a small retracement from […] The post Australia PMI composite dropped to 51.2, still early to call an end to RBA tightening appeared first on Action Forex... Read More

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Content Topics

Australia

Composite

Dropped

51 Still

Early

Call

Tightening

Forex

Posted: May 23 2023, 03:35

Author Name: actionforex

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