Subscribe To
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