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IHS Markit Flash Australia Composite PMI
Flash PMI® data for March indicated that the loosening of coronavirus disease 2019 (COVID-19) restrictions led to a surge in new work received by Australian companies, which in turn underpinned a stronger expansion in business activity. With operating capacities coming under pressure, firms continued to lift employment at a solid pace. The latest results also highlighted a survey-record increase in input costs, with panellists mentioning higher prices for a wide range of materials and a spike in shipping fees. The IHS Markit Flash Australia Composite Output Index* was at 56.2 in March, up from the final February ... (full story)