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Australia Services Sector Slows In May - Judo Bank

RTTNews | 398 дней спустя

Australia Services Sector Slows In May - Judo Bank

(RTTNews) - The services sector in Australia continued to expand in May, albeit at a slower rate, the latest survey from Judo Bank revealed on Wednesday with a services PMI score of 52.5.

That's down from 53.6 in April, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

The sustained expansion in services activity was driven by rising new business inflows. Incoming new business rose at the most pronounced pace since May 2022 amid reports of rising client interest and a widening of customer bases.

Transport and storage firms likewise saw the fastest rise in new sales among the monitored sectors. Supporting the latest rise in new sales was an improvement in foreign demand with the survey's New Export Business Index indicating the fastest growth in export orders in 21 months. Anecdotal evidence suggested that greater inflows of new business came from clients in the US and Asia.

Тэгов: AUD

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Australia Central Bank Unexpectedly Maintains Status Quo

Australia Central Bank Unexpectedly Maintains Status Quo

The Reserve Bank of Australia adopted a wait-and-see approach on Tuesday, defying expectations for a quarter-point rate cut but confirmed that an easing cycle is coming. The policy board, governed by Michele Bullock, decided to hold the cash rate target at 3.85 percent. A majority of six members voted to hold the rate, while three members sought a change from 3.85 percent.

RTTNews | 2ч 2мин назад

Australia Manufacturing Sector Ebbs In June - S&P Global

Australia Manufacturing Sector Ebbs In June - S&P Global

The manufacturing sector in Australia continued to expand in June, albeit at a slower pace, the latest survey from S&P Global showed on Tuesday with a manufacturing PMI score of 50.6.

RTTNews | 7 дней спустя

Australia Inflation Eases In May

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Australia's consumer price inflation softened more than expected in May, giving space for the central bank to lower its interest rate. The monthly Consumer Price Index indicator rose 2.1 percent year-on-year, following the 2.4 percent increase in April, the Australian Bureau of Statistics reported Wednesday. A similar lower rate was last seen in October 2024.

RTTNews | 13 дней спустя

Australia NAB Business Conditions Ease; Confidence Improves

Australia NAB Business Conditions Ease; Confidence Improves

Australian business conditions eased in May amid ongoing profitability pressures and soft demand, while business confidence improved from the last month, survey data from NAB showed on Tuesday. A monthly survey conducted by Westpac showed that consumer confidence rose moderately in June, underpinned by interest rate cut and softening inflation.

RTTNews | 28 дней спустя

Australia GDP Adds 0.2% On Quarter In Q1

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Australia's gross domestic product expanded a seasonally adjusted 0.2 percent on quarter in the first quarter of 2025, the Australian Bureau of Statistics said on Wednesday.

RTTNews | 34 дней спустя

Australia Services PMI Ebbs In May - S&P Global

Australia Services PMI Ebbs In May - S&P Global

The services sector in Australia continued to expand in May, albeit it at a slower pace, the latest survey from S&P Global revealed on Wednesday with a services PMI score of 50.6.

RTTNews | 34 дней спустя

Australia Manufacturing PMI Slows In May - S&P Global

Australia Manufacturing PMI Slows In May - S&P Global

The manufacturing sector in Australia continued to expand in May, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 51.0.

RTTNews | 36 дней спустя

Australia Manufacturing PMI Steady At 51.7 In May - S&P Global

Australia Manufacturing PMI Steady At 51.7 In May - S&P Global

The manufacturing sector in Australia continued to expand in May, and at a steady pace, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 51.7.

RTTNews | 47 дней спустя

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