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Judo Bank Flash Australia Composite PMI
Australia’s private sector activity continued to decline midway through the final quarter of the year. Lower new business, including export business, negatively affected output. That said, employment continued to rise, supporting the clearance of backlogged work. Price pressures meanwhile intensified, further dampening business confidence. The Judo Bank Flash Australia Composite PMI® Output Index* posted 46.4 in November, down from 47.6 in October. This signalled a second successive month of business activity decline and the quickest reduction since August 2021. Sharper new business downturns in both the ... (full story)