Australia Australian Industry Group Performance of Services Index

  • prior 31.5

Earlier this week we got the CBA services PMI, which was already in expanision in June and maintained it is July albeit at a slightly;y lower level.

Curious disparity between the two PMIs.

  • Australia services PMI for July 58.2 (prior 58.5) Composite 57.8 (prior 57.9)

With Australian data for the next few weeks/months its going to be obligatory to add:

  • just wait until the next lot of figures reflecting the renewed and harsher lock down in Australia's second largest city and state, Melbourne, Victoria …

Melbourne's 'stage 4' lockdown includes a nightly curfew along with widespread business restrictions and closures.