S&P Global Australia Manufacturing Purchasing Manager’s Index (PMI) fell from 53.0 in August to 51.4 in September.
- above the 50.0 no-change mark for a ninth consecutive month
- latest reading signalled that manufacturing sector conditions continued to improve, albeit at a slower and only modest pace.
S&P Global Australia Services PMI for September posted 52.4, down from 55.8 in August
- extended the period of expansion to 20 months
- at 52.4 it signalled the weakest growth since June.
Composite 52.4 in September
- down from 55.5 in August
- above 50.0 for a year
- September’s rise in activity was the weakest since June
