• Welcome to forex.pm forex forum binary options trade. Please login or sign up.
 

Australia preliminary August PMI: Manufacturing 48.7(prior 47.5) Services 52.2(prior 50.4)

Started by forex4you, Aug 22, 2024, 06:06 am

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

forex4you

Australia preliminary August PMI: Manufacturing 48.7(prior 47.5) Services 52.2(prior 50.4)

Preliminary Judo Bank S&P Australian Manufacturing PMI 48.7

  • prior 47.5

Services 52.2

  • prior 50.4

Composite 51.4

  • prior 49.9

The Australian Flash PMI shows improved activity, rising costs in August

  • Composite output index up, services sector jumps, manufacturing still weak
  • Economy expanding in Q3, labour demand rising
  • Service sector input prices hit highest level since March 2023
  • Final prices index dipped, suggesting difficulty in passing on costs
  • Inflation risks persist despite weak economic growth
  • New fiscal stimulus and less restrictive monetary policy raise concerns
  • RBA may need to hike further before easing cycle can begin

The bottom line comment, IMO, from the analysis in the report is this:

  • Market pricing for RBA rate cuts "perplexing" given current conditions

AUD/USD up a few tics:



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

Source: Australia preliminary August PMI: Manufacturing 48.7(prior 47.5) Services 52.2(prior 50.4)

forexlive.com
Forex4you offers wide range of trading accounts with DDE, NDDE and STP executions including more than 100 instruments. Forex4you is based on MetaTrader 4 trading platform. Clients have the advantage of daily technical and fundamental analysis, one-click trading, economic calendar, mobile trading applications, news and forecasts from Dow Jones (UK) and signals from Trading Central (US). In addition, Forex4you offers Forex dictionary, educational materials and lot of "How to" guides about Forex.

forex4you.com   share4you.com   betiforex.com Forex  beginners-guide-to-iq-option-complete-review forex4you review forex4you Forex4you Review - One of the Best Forex Brokers Forex4you Review - One of the Best Forex Brokers forex4you - PAMM forex broker review and feedback from traders forexbinaryoption.ae aroundworld24.com  Affiliate programs  Forex4you Affiliate programs   



forex4you.com