S&P Global Services PMI

Actual
47.9
Previous
48
Forecast

The PMI service released by both the Commonwealth Bank of Australia and the S&P Global is an indicator of the economic situation in the Australian services sector. It captures an overview of the condition of sales and employment. Traders want the highest possible reading as that will be taken as positive for the AUD. Any reading above 50 signals expansion, while a reading under 50 shows contraction.

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