Australia Final manufacturing PMI from Judo Bank / S&P Global for August 2024, comes in at the highest level in three months @ 48.5prior 47.5Flash reading here:Australia preliminary August PMI: Manufacturing 48.7(prior 47.5) Services 52.2(prior 50.4)Commentary from the report, in summary:not a manufacturing recession, but an extended soft landingcapacity constraints across many parts of the Australian economy are acting as a headwind to growth for manufacturingabove the 50.0 mark for new export orders and a jump up in the future output index to the highest level in 18 monthsnew orders and output remain soft at readings below 50.0employment rose above 50conditions in the manufacturing sector
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