S&P Global Australia
Manufacturing Purchasing Manager’s Index (PMI) fell from
53.0 in August to 51.4 in September.
- above the 50.0
no-change mark for a ninth consecutive month - latest
reading signalled that manufacturing sector conditions
continued to improve, albeit at a slower and only modest
pace.
S&P Global Australia Services PMI for September posted 52.4, down from 55.8 in August
- extended the period of expansion to 20
months - at 52.4 it signalled the weakest growth since June.
Composite 52.4 in September
- down
from 55.5 in August - above 50.0 for a year
- September’s rise in activity was the
weakest since June
This article was written by Eamonn Sheridan at investinglive.com.
