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Australian PMIs reveal divergence between manufacturing and services, RBA rate hike likely in May

Australia’s April PMI Manufacturing has dropped to a 35-month low at 48.1, down from 49.1, while PMI Services jumped to a 10-month high of 52.6, up from 48.6. The PMI Composite also reached a 10-month high at 52.2. The data reveals a growing divergence between the performance of Australia’s manufacturing and service sectors. Warren Hogan, […] The post Australian PMIs reveal divergence between manufacturing and services, RBA rate hike likely in May appeared first on Action Forex... Read More

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Posted: Apr 21 2023, 05:02

Author Name: actionforex

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