Australian services PMI firms

Via the AIG comes a bit better:

Or not, says the CBA version:

October’s PMI data showed little change in Australian services business activity at the start of the fourth quarter. The was accompanied by marginal sales growth, which was limited by a first decline in export demand for over two years. Business confidence subsequently dropped to the lowest since March whilst employment barely rose. Input price inflation remained solid, contributing to an accelerated rise in output charges.

Either way, it is still weak demand.

David Llewellyn-Smith
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