Aussie Flash PMI prints soft landing

Judo Bank Flash PMI.

Flash Australia Composite PMI Output Index: 52.4 (Feb: 52.1), 11-month high
Flash Australia Services PMI Business Activity Index: 53.5 (Feb: 53.1), 11-month high
Flash Australia Manufacturing PMI Output Index: 45.4 (Feb: 45.2), 2-month high
Flash Australia Manufacturing PMI: 46.8 (Feb: 47.8), 46-month low

Australia’s private sector activity expansion was sustained in March, albeit limited to the service sector. Higher incoming new business drove growth of business activity and employment. This was while price pressures declined with lower rates of input cost and output price inflation recorded in March. Overall sentiment rose to the joint-highest in seven months.

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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.