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S&P Global Flash Australia Composite PMI
Australian private sector output contracted for a second straight month in November according to Flash PMI® data. Output fell in tandem with new orders while the level of work outstanding declined marginally from the month prior. Employment levels nevertheless remained in growth as prices rose. Overall optimism eased to a 31-month low. The S&P Global Flash Australia Composite Output Index* fell from 49.8 in October (final reading) to 47.7 in November. The reading signalled that the private sector shrank for a second consecutive month. Private sector output slipped in November as incoming new orders fell at a ... (full story)