Earlier PMI from Oz here:
Australian data - Services PMI 52.2 for June (prior 52.5)
'Key findings':
- The end of the second quarter saw Australia's service sector on a stronger footing, with business activity expanding at the fastest rate so far this year, supported by solid order book growth.
- The strengthening of demand conditions was accompanied by rising backlogs, jobs growth and greater business confidence. On the price front, cost inflation intensified, prompting firms to raise service fees