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Judo Bank Flash Australia Composite PMI
Australia’s private sector activity continued to decline at the start of 2024. That said, the pace of reduction eased alongside a slower fall in new business. This was amidst improvements in business sentiment while employment levels also continued to rise. Selling price inflation notably eased to a 34-month low in January. The Judo Bank Flash Australia Composite PMI® Output Index* posted 48.1 in January, up from 46.9 in December. This signalled a fourth consecutive month of business activity decline, though at the slowest pace in the current sequence. Incoming new business continued to fall at the start of the ... (full story)