March Data Report: Australia Services PMI Climbs, while Manufacturing PMI Declines

Thursday, 21 March 2024, 06:44

The latest data report from Australia reveals a positive trajectory for the Services PMI, which saw an increase to 53.5. On the contrary, the Manufacturing PMI declined to 46.8, signaling challenges within the sector. The decrease in manufacturing conditions can be attributed to various factors, notably affecting the overall economic landscape.
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March Data Report: Australia Services PMI Climbs, while Manufacturing PMI Declines

Australia Services PMI Update:

The Services PMI for March showed encouraging growth, rising to 53.5, indicating a positive outlook for the sector.

Manufacturing PMI Insights:

The Manufacturing PMI, however, experienced a decline, dropping to 46.8 from the previous month, reflecting challenges and economic uncertainties.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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