Australia Services Activity Slows; Demand Pressure Eases
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Australia Services PMI Rises from 51.4 to 51.9
Australian services activity accelerated to 51.9 in final data, up from 51.4 previously, signalling continued modest expansion in the sector. The uptick supports demand strength in the macro chain following recent labour-market easing, keeping focus on whether service-sector pricing holds ahead of inflation data. AUD/USD traders watch for confirmation that demand remains resilient enough to sustain price pressures.
https://x.com/financialjuice/status/2106867089101484092Australia Services PMI Rises to 51.9 in September
Australia's S&P Global Services PMI rose from 51.4 to 51.9, signalling modest expansion in the sector. The Composite PMI also improved to 51.3 from 50.8. This demand-side data follows recent labour-market softening and feeds into inflation expectations traders watch to assess RBA rate-cut risk via AUD/USD.
https://x.com/LiveSquawk/status/2106869213256462467New to MyTradingLand?
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