CBA Flash PMI sinks

Via CBA:

The latest Commonwealth Bank Flash Composite PMIĀ® signalled a continued decline in business activity in January. In fact, the latest fall in output was the sharpest since the survey began in May 2016. New orders and employment increased, however, thanks to improvements in the service sector. The rate of input cost inflation softened again to a nine-month low, but companies raised their output prices at a sharper pace than in December.

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