Flash PMI soldiers on

The Aussie flash PMI from Judo Bank.

Flash Australia Composite PMI Output Index: 50.5 (May: 51.6), 3-month low
Flash Australia Services PMI Business Activity Index: 50.7 (May: 52.1), 3-month low
Flash Australia Manufacturing PMI Output Index: 49.1 (May: 48.0), 4-month high
Flash Australia Manufacturing PMI: 48.6 (Apr: 48.4), 3-month high

June Flash PMI® data indicated that Australia’s private sector remained in expansion at the end of the second quarter. Higher new orders, mainly in the service sector, led to a rise in business activity and resilient employment growth. Price pressures remained intense while business confidence declined.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

Share

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.