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Manufacturing & Services Australian preliminary PMIs for August remain in contraction

Manufacturing & Services Australian preliminary PMIs for August remain in contraction
Judo Bank / S&P Global flash PMIs for Australia in August 2023 are both poor. Manufacturing and Services remain in contraction for a second consecutive month.Commentary from the report, in brief:a cyclical slowdown in the Australian economy is underway with another drop in both the output and new orders indexesthe employment index has picked up and is now again comfortably above the neutral levelconfirming the persistence of labour demandwe are probably witnessing some labour hoarding by busines... Read More
Posted: Aug 22 2023, 23:23
Author Name: forexlive
Views: 102089

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