The flash Australian PMIs for July 2019

Manufacturing 51.4

  • prior 52.0

Services 51.9

  • prior 52.6

Composite 51.8

  • prior 52.5

Summary from Markit:

  • data pointed to slower rises in both business activity and new orders in Australia at the start of the third quarter of the year.
  • Slower growth fed through to staffing levels, which decreased for the first time in three months.
  • The rate of input cost inflation continued to accelerate and was sharp in July, while output prices were raised modestly.
  • Business confidence was broadly in line with that seen in June

Final's will be released in around a week and a half.