Australia’s private sector slipped back into contraction in May as weakening demand, softer employment conditions, and persistent energy-related cost pressures weighed heavily on business activity. Flash Australia Composite PMI Output Index fell from 50.4 to 47.8, marking the second contraction in three months. The downturn was led by services activity, with Flash Services PMI Business […]The post Australia PMIs Fall Back Into Contraction as Demand and Confidence Deteriorate appeared first on ActionForex.