2024-05-23 03:08:29 ET
- The Judo Bank Flash Australia Manufacturing PMI remained unchanged at 49.6 in May, as per preliminary data. This suggests that manufacturing sector conditions persisted in deteriorating for the fourth consecutive month, albeit marginally.
- The Judo Bank Flash Australia Services PMI Business Activity Index stood at 53.1 in May 2024 compared to the previous month’s reading of 53.6, according to preliminary data, and marked the fourth successive month of expansion, albeit at a slower but still solid pace.
- The Judo Bank Australia Composite Output Index decreased to 52.3 in May 2024 from 53 in a month earlier, according to flash data.
- The S&P/ASX 200 Index dropped 0.46% to close at 7,812 on Thursday.
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ETFs: ( EWA ), ( FXA ), ( FLAU )....
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Australia's manufacturing PMI steady in May; services PMI sustains four months of expansion