Australia’s PMI Manufacturing fell sharply from 50.1 to 47.7 in February, with Manufacturing Output marking a 45-month low at 45.0. In stark contrast, PMI Services surged to a 10-month high of 52.8, propelling Composite PMI to 51.8, the first time it has breached the 50-mark threshold since last June. Warren Hogan, Chief Economic Advisor at […]
The post Australia’s Composite PMI climbs to 51.8, diminishing prospects for near-term RBA rate cut appeared first on Action Forex.
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