Australia’s PMI composite dips to 50.8, no major slowdown with continued inflation pressures

Australia’s PMI Manufacturing saw a marginal improvement in July, rising slightly from 47.2 to 47.4. Conversely, PMI Services dropped to a six-month low, moving from 51.2 to 50.8. PMI Composite also decreased from 50.7 to 50.2, the lowest in six months. Warren Hogan, Chief Economic Advisor at Judo Bank, highlighted that despite a further moderation […]

The post Australia’s PMI composite dips to 50.8, no major slowdown with continued inflation pressures appeared first on Action Forex.