Services PMI stalls, prices at 33 month low

Tuesday 2 July 2024

The Judo Bank PMI is the hawkish Warren Hogan’s pivotal data. It is slowly sickening.

Australia’s service sector growth was sustained in June according to the latest PMI® data.

New business and activity both continued to rise, albeit at slower rates. In turn, employment numbers rose to a weaker degree.

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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.