- Australia S&P Global July flash services PMI at 53.8 (vs 51.8 in June)
- Australia S&P Global July flash manufacturing PMI at 51.6 (vs 50.6 in June)
- Composite 53.6 (prior 51.6)
All three moving further into expansion, solid results indeed.
And you lot want a Reserve Bank of Australia rate cut? 😉
ps, Reserve Bank of Australia Governor Bullock is speaking later today:
- 1.05pm Sydney time
- 0305 GMT
- 2305 US Eastern time
Topic is “The RBA’s Dual Mandate – Inflation and Employment”.
This article was written by Eamonn Sheridan at investinglive.com.