I was lamenting the poor performance of the March manufacturing PMI:Australian March final Manufacturing PMI 47.3 (prior 47.8)No such problem with services, though, an improvement on the month, and also on the flash reading:Australian March preliminary PMIs show manufacturing lower on the month & services higherFrom the report: Output index rising to a new cyclical high of 54.4. This is the fourth consecutive month of improvement, with the services output index increasing by 8.4 points, the largest gain in the series outside of recovery from lockdowns.services output index is now above its long-run average level of 51.7March 2024 reading is the highest since April 2022, when the monetary pol
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