Australia PMI composite hits three-month low at 52.1, confidence slumps

Wait 5 sec.

Australia’s private sector momentum slowed sharply in September, with PMI Composite falling from 55.5 to 52.1, its lowest in three months. Manufacturing eased from 53.0 to 51.6, while services slipped more heavily from 55.8 to 52.0, signaling a broad moderation in activity. S&P Global’s Jingyi Pan noted that new business growth weakened after two strong […]The post Australia PMI composite hits three-month low at 52.1, confidence slumps appeared first on Action Forex.