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Australia PMI composite rose to 48.2, economy is not slowing sufficiently for RBA

Started by PocketOption, Jan 24, 2023, 07:49 am

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PocketOption

Australia PMI composite rose to 48.2, economy is not slowing sufficiently for RBA

Australia PMI Manufacturing fell from 50.2 to 49.8 in January, a 32-month low. PMI Services rose from 47.3 to 48.3. PMI Composite rose from 47.5 to 48.2. Warren Hogan, Chief Economic Advisor at Judo Bank said: “Following eight consecutive rate hikes in 2022, the RBA Board will be meeting for the first time on 7 […]


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