Australia preliminary PMI February: Manufacturing 47.7 (prior 50.1) ...Middle East

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Australia preliminary PMI February: Manufacturing 47.7 (prior 50.1)
While the drop back into contraction for the manufacturing sector has grabbed the headline, the better news is the jump for non-manufacturing back to expansion. Services is a larger part of the Australian economy, so on balance this is not too bad a report.AUD/USD is little changed around 0.6549 as I update. This article was written by Eamonn Sheridan at www.forexlive.com.

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