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Australia preliminary PMI November: Manufacturing 51.5 (prior 52.7) & Services 47.2 (49.3)

Australia preliminary PMI November: Manufacturing 51.5 (prior 52.7) & Services 47.2 (49.3)

Australian S&P / Markit flash PMIs for November 2022.

Manufacturing 51.5

  • prior 52.7

Services 47.2

  • prior 49.3

Composite 47.7

  • prior 49.8

These are pretty crappy results (crappy is a technical term). With further RBA rate hikes ahead and China digging its COVID hole even deeper its difficult to see much improvement in the near term.

Commentary from the report:

“The latest S&P Global Flash Australia Composi... Read More

Posted: Nov 22 2022, 22:01
Author Name: forexlive
Views: 102212

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