[Corporal]

The Reserve Bank of Australia held interest rates…

[article]2475[/article]

[TradersCom]

IHS Markit May #Australia flash PMIs

Manufacturing 59.9 v prior 59.7
Services 58.2 v prior 58.8
Composite 58.1 v prior 58.8

Remarks
“Australia’s private sector growth eased from April’s survey record. That said, growth remained sharp to affirm the continued improvement in economic conditions following the easing of COVID-19 restrictions.
“Export orders notably continued to improve, reflecting the robust external demand despite concerns of rising COVID-19 cases in the region. In turn, this filtered through to the labour market with employment improving at the fastest pace in the survey’s five-year history.
“The outlook for activity over the coming year remained optimistic, particularly in the service sector in May. Ongoing supply-chain disruptions, however, continued to impact private sector firms, pushing up input cost inflation and thereby output prices.”
https://traderscommunity.com/index.php/central-banks/2475-rba-meeting-minutes-highlightss

[Author]

Posts