Australia January Services PMI 49.1 (prior 47.1) ...Middle East

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Australia January Services PMI 49.1 (prior 47.1)
Final S&P Global / Judo Bank Services PMI for January 2024 is 49.1(prior 47.1)Composite 49.0prior 46.9We had the manufacturing PMI last week:Australia Final January Manufacturing PMIPreliminary readings for the three are here.Commentary from the report on employment and inflation:“Resilience in labour demand continues to play an essential role in moderating the slowdown in the Australian economy. The employment index for January remained above the neutral level, close to where it has resided over the past three months. Despite the economy cooling, businesses continue to see consumer demand exceed their supply capabilities, hence the continued efforts to grow their workforces. Over the past y

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