Australia August Non-manufacturing PMI 52.5 (prior 50.4) ...Middle East

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Australia August Non-manufacturing PMI 52.5 (prior 50.4)
source : forex live ( Middle East ) () 38
In summary:Improvement in Activity: The Services PMI showed increased activity in August after a softer July, indicating a rebound in the services sector.Business Confidence: Despite higher margin pressures, services firms became more confident about future activity levels over the next 12 months.Business Activity Growth: August marked the seventh consecutive month of expansion in Australia’s services sector, with the PMI rebounding to 52.5 from a low of 50.4 in July.New Business Increase: The new business index rose to a three-month high, potentially reflecting government stimulus impacting consumer spending.Employment Index Stability: The employment index remained slightly above neutral, s

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