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Australia's September Services PMI Initial Reading Falls to 51.4, Expansion Slows
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The S&P Global Australia Services Purchasing Managers' Index (PMI) for September came in at a flash reading of 51.4, according to data released by financial information provider Jin10. This represents a decline from the previous month's final reading of 53.2. A PMI reading above 50 indicates expansion in the services sector, while a reading below 50 signals contraction. The September flash estimate suggests that the Australian services sector continues to grow, but at a slower pace compared to August. The data provides an early indication of economic activity in the services industry, which is a major component of Australia's economy. The flash PMI is based on approximately 85-90% of total survey responses and is subject to revision in the final release.
Source
金十数据Neutral / independent