Below is Judo Bank’s Flash Australia Composite PMI, which shows an ongoing expansion in services activity while manufacturing continues to contract.
Key findings
- Flash Australia Composite PMI Output Index: 51.2 (Apr: 53.0), 2-month low
- Flash Australia Services PMI Business Activity Index: 51.8 (Apr: 53.7), 2-month low
- Flash Australia Manufacturing PMI Output Index: 47.4 (Apr: 48.8), 21-month low
- Flash Australia Manufacturing PMI: 48.0 (Apr: 48.0), joint-weakest since May 2020
Flash PMI® data for May signalled a continued expansion of the Australian private sector midway through the second quarter. Faster new order growth, primarily in the service sector, drove the increase in activity and corresponding expansion in employment levels.
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