CBA/Markit Services and Composite PMI for June (final)
preliminary and prior (May) PMIs for June are here
Key points made in the report:
- Amid a further easing of COVID-19 restrictions, Australian services activity rose for the first time in five months during June
- New business volumes also returned to growth, contributing to a rise in capacity pressure.
- Meanwhile, there was a notably slower reduction in employment, while business sentiment improved further.
- The recovery was, however, accompanied by price increases.
This data point tends not to move the AUD much at all upon release.
"V" good ….
PMIs for Australia in June out earlier in the week:
- Australia - AiG Manufacturing PMI for June: 51.5 (prior 41.6)
- Australia - CBA/Markit Manufacturing PMI for June (final): 51.2 (vs. preliminary 49.8 & prior 44.0)
Earlier today:
