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Judo Bank Flash Australia Composite PMI
Australia’s private sector activity contracted again at the end of 2023 as demand conditions, including foreign demand, remained under pressure due to the current economic backdrop. Input cost inflation eased, but firms raised their charges at a faster rate. Overall employment continued to grow, while optimism improved from November. The Judo Bank Flash Australia Composite PMI® Output Index* posted 47.4 in December, up from 46.2 in November. This signalled a third successive month of business activity decline, though one that was softer than that seen in November, when output decreased to the largest extent in 27 ... (full story)