Commonwealth Bank Services PMI

Date Time Left   Event Impact Previous Consensus Actual
Nov 22, 22:00  Commonwealth Bank Services PMI 53.7 53.8 54.90

Commonwealth Bank Services PMI

The PMI service released by both the Commonwealth Bank of Australia and the Markit Economics is an indicator of the economic situation in the Australian services sector. It captures an overview of the condition of sales and employment. Traders want the highest possible reading as that will be taken as positive for the AUD. Any reading above 50 signals expansion, while a reading under 50 shows contraction.

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