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Australia preliminary PMI: Manufacturing 49.6 (prior 48.2) & Services 48.0 (prior 50.3)

Australia preliminary PMI: Manufacturing 49.6  (prior 48.2) & Services 48.0 (prior 50.3)
Preliminary S&P Global / Judo Bank flash PMIs from Australia for July 2023. Disappointing results: composite flash PMI below 50.0 for the first time in half a yearFrom the report:main contributor to the soft reading for July was a dip in business activity for the services sector, which had previously been staging a recovery in 2023good news is that this gradual easing in activity will help take pressure off inflation and interest rates, but it will need to be sustained for the rest of 2023 and i... Read More
Posted: Jul 23 2023, 23:00
Author Name: forexlive
Views: 080863

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