Australia’s private sector slipped into contraction in March as PMI data signaled a sharp deterioration in activity. PMI Manufacturing edged down from 51.0 to 50.1. But the real drag came from services, where PMI Services plunged from 52.8 to 46.6. As a result, PMI Composite dropped from 52.4 to 47.0, marking its weakest level since […]The post Australia PMI composite falls to 47, cost inflation hits 3-yr high on Middle East conflict appeared first on ActionForex.