Australia preliminary August PMI: Manufacturing 48.7(prior 47.5) Services 52.2(prior 50.4) ...Middle East

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Australia preliminary August PMI: Manufacturing 48.7(prior 47.5) Services 52.2(prior 50.4)
Preliminary Judo Bank S&P Australian Manufacturing PMI 48.7prior 47.5Services 52.2prior 50.4Composite 51.4prior 49.9The Australian Flash PMI shows improved activity, rising costs in AugustComposite output index up, services sector jumps, manufacturing still weakEconomy expanding in Q3, labour demand risingService sector input prices hit highest level since March 2023Final prices index dipped, suggesting difficulty in passing on costsInflation risks persist despite weak economic growthNew fiscal stimulus and less restrictive monetary policy raise concernsRBA may need to hike further before easing cycle can beginThe bottom line comment, IMO, from the analysis in the report is this:Market prici

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