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Australian final Service PMI (September) 51.8 (vs. prior 47.8)

S&P Global/Judo Bank services and composite PMIs are strong for September. From the commentary to the report (in brief):a surge in output driven by a lift in services sector activitycontinued stability of PMI price indices, especially input prices, suggests that inflation will remain high and uncomfortable for the rest of 2023the magnitude of the increase suggests that services sector activity is proving resilient to higher interest ratesSticky inflation and resilient services sector activity, e... Read More

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Content Topics

Australian

Final

Service

September

51 Vs

Prior

47 september

Forex

Posted: Oct 3 2023, 22:01

Author Name: forexlive

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