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Australian preliminary December PMI: Manufacturing 50.4 (prior 51.3), services 46.9 (47.6)

Australian preliminary December PMI: Manufacturing 50.4 (prior 51.3), services 46.9 (47.6)

Flash Australian PMIs for December 2022 from S&P Global /Markit

manufacturing 50.4

  • prior 51.3

services 469.9

  • prior 47.6

composite 47.3

  • prior 48.0

more to come

You may be tempted to view this poor data as a case for a halt to Reserve Bank of Australia rate hikes. I urge care with this conclusion. Inflation in Australia is way, way above the 2 to 3% target band which means the RBA still has a job to do bring the CP... Read More

Posted: Dec 15 2022, 22:07
Author Name: forexlive
Views: 110714

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