Australia flash Nov. PMIs. Manufacturing 49.9 (prior 50.0) & Services 49.5 (prior 50.1)
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.
Little AUD impact from the release.
