Australia’s private-sector activity returned to contraction in October, with PMI Services falling from 51.9 to 48.5, marking its first decline in activity since May and the lowest reading in seven months. The final figure was revised up from the preliminary estimate of 47.8 but remained below the 50 expansion threshold. PMI Composite dropped from 51.3 […]The post Australia PMI Composite Drops to 48.2 as Services Contracts and Inflation Pressures Rise appeared first on ActionForex.