Flash PMI weak again

Via Markit (CBA no longer):

Latest PMI data indicated a recovery in business activity across Australia at the end of the third quarter after containment measures were loosened in parts of the country. This followed a decline in August. The upturn was driven by a further rise in manufacturing output, while signs of stabilisation were observed in services activity. Demand conditions also improved as business sentiment rose to the highest for just over two years. However, jobs continued to be reduced as operating capacity remained in surplus. On the price front, input costs rose further but output charges fell.

Still pissweak, led by employment. Full report.

David Llewellyn-Smith
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