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Philly Fed July non-manufacturing index +0.1 vs +4.6 prior

Philly Fed July non-manufacturing index +0.1 vs +4.6 prior

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Adam Button
26/07/2022 | 12:33 GMT
  • Data from the Philly Fed
  • Prior was +4.6
  • Firm-level activity +11.7 vs +24.7 prior
  • New orders +3.9 vs +15.5 prior
  • Employment +14.3 vs +27.7 prior

This is another small sign of a slowdown on the services side.

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Australia’s flash PMI showed growth slowing but still expanding in December. Softer services offset firmer manufacturing, while rising cost pressures support an RBA hold-for-longer stance, keeping AUD moves tied mainly to global drivers.

Australia’s flash PMI showed growth slowing but still expanding in December. Softer services offset firmer manufacturing, while rising cost pressures support an RBA hold-for-longer stance, keeping AUD moves tied mainly to global drivers.
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