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Australia PMI composite fell to 48, but still on narrow path for soft landing

Australia’s PMI Manufacturing recorded a mild uptick in July, rising from 48.2 to 49.6, marking a 5-month high, but still falling short of the expansionary threshold of 50. Concurrently, PMI Services took a downward turn from 50.3 to 48.0, hitting a 7-month low. Consequently, Composite PMI, a measure of combined sectors, dipped from 50.1 to […] The post Australia PMI composite fell to 48, but still on narrow path for soft landing appeared first on Action Forex... Read More

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Australia

Composite

Fell

Still

Narrow

Path

Soft

Landing

Forex

Posted: Jul 24 2023, 03:19

Author Name: actionforex

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