Australia preliminary PMI April: Manufacturing 57.9 (prior 57.7) Services 56.6 (55.6)

Preliminary Markit / S&P Global Australian PMIs for April

Manufacturing 57.9

• prior 57.7

Services 56.6

• prior 55.6

Composite 56.2

• prior 55.1

Both manufacturing and non-manufacturing are firmly in expansion, even more so than in March. Another solid report. The final reading for these will be published in around a week's time.