Australian CBA / Markit PMIs, the final for December 2018
Services 52.7
- preliminary was 52.2
- prior was 53.7
Composite 52.9
- preliminary was 52.4
- prior was 53.9
more to come
'Key findings':
- The end of 2018 saw a further expansion in services business activity across Australia, supported by growth in new business inflows. Backlogs of work rose at a faster pace even as firms recruited more workers. However, panellists' concerns over recent regulatory impacts on credit conditions saw confidence at its second-lowest in the survey history. There were signs of easing inflationary pressures, with slower rises in both input and output prices.
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