Australia’s PMI composite falls to 50.6, slowing business expansion, manufacturing weakness

Australia’s PMI data for June indicates a slowdown in business expansion, with Manufacturing PMI falling from 49.7 to 47.5, Services PMI dropping from 52.5 to 51.0, and Composite PMI decreasing from 52.1 to 50.6, hitting a five-month low. Warren Hogan, Chief Economic Advisor at Judo Bank, noted that while business activity continues to grow, the […]

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