Australia April preliminary PMI Manufacturing 49.9 (prior 47.3) Services 54.2 (prior 54.4) ...Middle East

Judo Bank S&P Global PMI Flash / Preliminary for April 2024Manufacturing nearly jumped into expansion at a 3-month high, but not quite hitting the 50 line.Services a tickle lower.Composite moves to its highest since April 2022Some of the pertinent commentary from the report. On inflation pressure:The price indicators were up slightly in April, suggesting inflation within the Australian economy is above the RBA’s target and ‘sticky’. Cost pressures are rising, which survey respondents put down to a combination of higher raw materials prices and the effects of a weaker Australian dollar.While margin pressures are still evident in both the service sector and the manufacturing industry, business

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