Australian PMI composite hits 19-month low, but concerns on inflation and strong employment rise

<p>Australia’s August PMI data showed a concerning decline across sectors. The Manufacturing PMI slightly decreased from 49.6 to 49.4, while Services PMI dropped to a 19-month low of 46.7. Composite PMI, reflecting both sectors, also declined to a 19-month low of 47.1. Warren Hogan, Chief Economic Advisor at Judo Bank, drew attention to the employment […]</p>
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