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Australian Manufacturing PMI for February 53.2 (vs. prior 48.4)

Australian Manufacturing PMI for February 53.2 (vs. prior 48.4)

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Eamonn Sheridan
28/02/2022 | 21:33 GMT
  • The Australian Industry Group's Performance of Manufacturing Index moves into expansion

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ING says Australia’s upside CPI surprise has strengthened the case for a 25bp RBA rate hike in February, citing persistent services inflation and resilient labour data, though moderate growth suggests any move is likely to be cautious.
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