"Every Indicator Is Blinking Red" - Aussie PMI Plunges To Record Low Ahead Of RBA Decision | Forex Factory

  • "Every Indicator Is Blinking Red" - Aussie PMI Plunges To Record Low Ahead Of RBA Decision

    From zerohedge.com

    February showed a deterioration in Australian service sector activity for the first time since the survey began nearly three years ago. Given the collapse in China's PMI, it is not entirely surprising that the seasonally adjusted Commonwealth Bank Composite Output Index slipped from 51.3 in January to 49.1 in February, signalled a decline from expansion. The latest reading reflected a deterioration in service sector conditions and slower growth in the manufacturing sector. As Markit notes, a decrease in new business inflows was recorded for the first time since the survey started in May 2016, while overseas demand ... (full story)

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Trader#81BF
Mar 5, 2019 1:51am
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"most Aussies are greedy and envious descendants of British criminals shipped out only a couple of centuries ago." What a load of crap. 25 million are mostly descendants of a few thousand convicts are they? The vast majority of Australians have no convict ancestry and come from every country on earth. Stop making stupid, inaccurate statements.
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clockwork71
Mar 4, 2019 6:47pm
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A bearish article on ZH? Odd. You almost never see that.
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Macdon
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