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S&P Global Flash Australia PMI: Business activity growth slows in September
Australia’s business activity growth softened at the end of the third quarter, according to the latest flash PMI® data. The weaker expansion of output was driven by a slower rise in incoming new orders, attributed partly to a renewed fall in export orders. Business optimism also fell to the lowest level in a year. That said, firms continued to hire at a solid pace to cope with ongoing workloads and to clear existing orders. On prices, average input costs continued to increase at an above-average pace while selling price inflation eased slightly in September. The headline seasonally adjusted S&P Global Flash ... (full story)
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