Australia PMI composite dropped to 52.5 in Apr, still a solid expansion

Australia PMI Manufacturing dropped from 58.8 to 55.3 in May. PMI Services dropped from 56.1 to 53.0. PMI Composite dropped from 55.9 to 52.5. All are 4-month lows. Jingyi Pan, Economics Associate Director at S&P Global Market Intelligence said: “The expansion of the Australian economy continued in May at a solid pace… Although manufacturing output […]

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