Judo Bank S&P Global PMI Flash / Preliminary for July 2024While manufacturing is up a touch, services is down. Composite (reflecting both) is down. Not a great report. Comments from the report, Warren Hogan, Chief Economic Advisor at Judo Bank, in brief:Flash PMI report is an early read on Australia’s economy in July and probably doesn’t capture the impact of tax cuts and cost-of-living support measures on household budgets and consumer spending. This will take some time to flow through to business conditions but should be expected to provide a boost over the months ahead. Employment continued to soften in July, with the composite employment index just above the 50 index level. Official data
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Read More Details Finally We wish PressBee provided you with enough information of ( Australian flash PMI (July): Manufacturing 47.4 (prior 47.2) Services 50.8 (prior 51.2) )