Not promising these …. all lower than in December

Manufacturing 49.1

  • prior 49.2

Services 48.9

  • prior 49.8

Composite 48.6

  • prior 49.6

All deeper into contraction.

Commonwealth Bank key points:

  • the latest fall in output was the sharpest since the survey began in May 2016
  • New orders and employment increased
  • rate of input cost inflation softened again to a nine-month low
  • companies raised their output prices at a sharper pace than in December