Australia preliminary manufacturing PMI November 49.four (October was 47.three)

Australia Judo Financial institution / S&P World information.

Combined bag, up for manufacturing and down for providers. Total adverse although with all three in contraction (with the caveat that these are preliminary readings solely).

From the report, briefly:

• Lowest PMI Since January: November’s S&P World Flash Australia PMI hit its lowest stage since January, with This fall common falling beneath Q3.
• Manufacturing Output: Continued contraction in manufacturing.
• Companies Sector Slowdown: Key providers sector deceleration is important to watch.
• Employment Development Decline: Slower job additions, with progress beneath the long-term common.
• Eased Promoting Value Inflation: Companies cautious with value will increase.
• Curiosity Price Outlook: Softer output costs and slowing employment progress help potential for decrease rates of interest in 2024.
• Enterprise Optimism: Decrease inflation helps improved enterprise sentiment.

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Last November information will likely be printed on 2 December for
manufacturing and four December for providers and
composite indicators.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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