Australian CBA Markit preliminary PMIs for November

Manufacturing 49.9

  • prior 50.0

Services 49.5

  • prior 50.1

Composite 49.5

  • prior 50.0

All three drop into contraction. New orders and employment sub-indexes edged just a little higher.

  • input cost inflation up, but selling prices broadly unchanged (companies leaving prices unchanged due to weak demand.
Australian CBA Markit preliminary PMIs for November

Little AUD impact from the release.