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Judo Bank Flash Australia Composite PMI
October saw a renewed decrease in business activity in Australia, reversing the return to growth posted in September. Output was reduced amid lower new orders and a drop in confidence in the outlook, while cost pressures remained elevated. On a more positive note, employment continued to rise. The Judo Bank Flash Australia Composite PMI® Output Index* posted below the 50.0 no-change mark for the third time in the past four months during October. At 47.3, down from 51.5 in September, the reading was the lowest in 21 months and represented a solid monthly decline in activity. Output was down across both the ... (full story)
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- Posted: Oct 23, 2023 6:00pm
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 2,309
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