Australia PMI Services Holds Firm at 53.2 as Confidence Rises but Costs Stay High

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Australia’s service sector remained in solid expansion in August, though momentum eased slightly. PMI Services slipped from 53.6 in July to 53.2, while business activity rose for a third straight month. New orders increased for a second consecutive month at broadly the same pace as July, while employment also expanded for a third month. Business […]The post Australia PMI Services Holds Firm at 53.2 as Confidence Rises but Costs Stay High appeared first on ActionForex.