FLAU - Australia Economy Expands At Faster Rate As Restrictions Ease But Price Pressures Persist As Costs Surge Higher
- A further easing of COVID-19 restrictions in Australia enabled private sector growth to accelerate in November according to flash PMI data.
- The latest IHS Markit Flash Australia Composite PMI revealed that growth momentum in the private sector accelerated in November, with economic confidence and activity boosted by the further reopening of the Australian economy.
- Both manufacturing and services output growth were comparable in November, rising in each case to the fastest since June, which was prior to the latest COVID-19 Delta wave hit to the economy.
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Australia Economy Expands At Faster Rate As Restrictions Ease, But Price Pressures Persist As Costs Surge Higher