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Australian preliminary PMIs: Manufacturing 48.0 (prior 48.0) Services 51.8 (prior 53.7)

Australian preliminary PMIs: Manufacturing 48.0 (prior 48.0) Services 51.8 (prior 53.7)
Judo Bank / S&P Global Australia flash PMI data for May 2023Manufacturing unchanged at 48.0prior 48.0Services down to 51.8prior 53.7Composite lower to 51.2prior 53Commentary from the report, in brief:Both the output and new orders results are in expansionary territory. Over the past two months, we have seen the best readings since the middle of 2022. This brings into question whether the economic slowdown of the past year has run its course.Australia’s manufacturing sector continues to slow in... Read More
Posted: May 22 2023, 23:00
Author Name: forexlive
Views: 110799

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