Australian S&P / Markit Services PMI for November remains contracting at 47.6 (prior 47.2)

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Australian S&P / Markit Services PMI for November remains contracting at 47.6 (prior 47.2)

<p>Australian S&P / Markit PMIs for November 2022.</p><p>Final results are </p><ul><li>Services  47.6</li><li>Composite 48.0</li></ul><p>For the preliminary readings: </p><ul><li><a href="https://www.forexlive.com/news/australia-preliminary-pmi-november-manufacturing-515-prior-527-services-472-493-20221122/" target="_blank" rel="follow">Australia preliminary PMI November: Manufacturing 51.5 (prior 52.7) & Services 47.2 (49.3)</a></li></ul><p>We've had earlier PMIs from Australia for November:</p><ul><li><a href="https://www.forexlive.com/news/australia-manufacturing-pmi-for-november-447-prior-496-20221130/" target="_blank" rel="follow">Australia manufacturing PMI for November 44.7 (prior 49.6)</a></li><li><a href="https://www.forexlive.com/news/australias-2nd-manufacturing-pmi-for-november-comes-in-at-513-prior-527-20221130/" target="_blank" rel="follow">Australia's 2nd Manufacturing PMI for November comes in at 51.3 (prior 52.7)</a></li><li><a href="https://www.forexlive.com/news/australias-construction-sector-pmi-rises-in-november-but-remains-in-contraction-at-482-20221204/" rel="follow" target="_self" class="article-link vertical-align-baseline">Australia's construction sector PMI rises in November but remains in contraction at 48.2</a></li></ul><p>There is one more PMI to come for November, the Australian Industry Group Performance of Servcies Index </p><p>It'll be published on Wednesday.</p><p>---</p><p>The moves towards reopening in China will be a tailwind for Australia ahead. </p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: Australian S&P / Markit Services PMI for November remains contracting at 47.6 (prior 47.2)

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