Australia preliminary PMI (April): Manufacturing 48.1 (prior 49.1) Services 52.6 (48.6) | Forexlive

Preliminary PMI from Australia for April, Judo Bank / S&P Global.

Manufacturing 48.1

• prior 49.1

Services 52.6

• prior 48.6

Composite 52.2, highest since June of last year

• prior 48.5

Commentary from the report, in (very) brief::

• Manufacturing activity remains soft, a reflection of weaker demand for goods and a gradual slowdown in construction activity in Australia.
• services sector … bounced strongly, bringing into question the broader economic slowdown.
• All the key activity indicators are up in the month.