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Australia’s PMI composite dives to 47.3, slowdown amid sticky inflation

Australia’s economic indicators from October paint a worrisome picture, as PMI Manufacturing dipped to a six-month low at 48.0, down from 48.7. More significantly, PMI Services plunged to a 10-month trough, dropping from 51.8 to 47.6. PMI Composite, which combines both manufacturing and services, dropped to a concerning 21-month low of 47.3 from 51.5. Weighing […] The post Australia’s PMI composite dives to 47.3, slowdown amid sticky inflation appeared first on Action Forex... Read More

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Content Topics

Australia

Composite

Dives

47 Slowdown

Amid

Sticky

Australia s

Inflation

Forex

Posted: Oct 24 2023, 02:24

Author Name: actionforex

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