Australia: S&P Global Manufacturing PMI eases to 48.0, Services PMI arrives at 47.6 in October

Market news

23 October 2023

Australia: S&P Global Manufacturing PMI eases to 48.0, Services PMI arrives at 47.6 in October

The latest data on Tuesday showed that the preliminary S&P Global Australian Services PMI posted 47.6 in October from 51.8 in September. On the other hand, the Manufacturing PMI eased to 48.0 from 48.7 in the previous reading.

Furthermore, the Composite Index came in at 47.3 versus 51.5 prior.

Market reaction

At the press time, the AUD/USD pair is losing 0.03% on the day to trade at 0.6334.

NZD/USD recovers into 0.5850 as risk aversion recedes, for now

AUD/USD recovers lost ground below 0.6350 following Australian PMI data

Market Focus

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