Australia CBA November final services PMI 49.7 vs 49.5 prior
Services PMI revised higher
- Prelim reading was 49.5
- Prior reading was 50.1
- Composite index 49.7 vs 49.5 prelim
The chart shows a nice perspective on where the Australian economy is right now. It's not getting worse but you really have to squint to see the 'gentle turn' that the RBA has been touting.