CBA / Markit services PMI for May for Australia
Services 55.9
- prior 55.2
Composite 55.6
- prior 55.3
'Key finding':
Australia's services activity continued to grow markedly in May. New business inflows increased at a strong pace, encouraging firms to raise workforce numbers. Additional staff hires were also reported to have been one of the factors driving up input costs. To offset this, firms took advantage of robust demand conditions and raised selling prices. Concurrently, business confidence remained firmly positive.
Stay tuned for the data that is much more of a market focus coming up later (0130GMT):
And … RBA later again (0430GMT)
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Earlier today:
Australian data - Services PMI for May 59.0 (from prior 55.2)
Last week:
