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Judo Bank Flash Australia Composite PMI
June Flash PMI® data indicated that Australia’s private sector remained in expansion at the end of the second quarter. Higher new orders, mainly in the service sector, led to a rise in business activity and resilient employment growth. Price pressures remained intense while business confidence declined. The Judo Bank Flash Australia Composite PMI Output Index* fell from 51.6 in May to 50.5 in June. Posting above the 50.0 no-change mark for a third consecutive month, the figure indicated a sustained expansion of the private sector, albeit at a slower rate compared to May. Underpinning the latest rise in activity ... (full story)