Preliminary PMI from Australia for April, Judo Bank / S&P Global. Manufacturing 48.1Services 52.6Composite 52.2, highest since June of last yearCo
Preliminary PMI from Australia for April, Judo Bank / S&P Global.
Manufacturing 48.1
Services 52.6
Composite 52.2, highest since June of last year
Commentary from the report, in (very) brief::
- Manufacturing activity remains soft, a reflection of weaker demand for goods and a gradual slowdown in construction activity in Australia.
- services sector … bounced strongly, bringing into question the broader economic slowdown.
- All the key activity indicators are up in the month.
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