Australia's Judo Bank Purchasing Managers Index (PMI) Composite rose to a 24-month high of 53.6 in April compared to the previous month's 53.3.
Australia 's Judo Bank Purchasing Managers Index Composite rose to a 24-month high of 53.6 in April compared to the previous month's 53.3. The Australia n private sector ticked up into an accelerated pace of growth in the second quarter bolstered primarily by Services sector growth. Key highlights Australia 's Manufacturing PMI Output rose to an eight-month high of 49.1 compared to March's 45.7, brushing off a 2-month low of 54.
” Market reaction The AUD/USD is trading steadily in the early Tuesday market session, testing the waters near 0.6450. About Australia's Composite Judo Bank PMI The Composite Purchasing Managers Index , released on a monthly basis by Judo Bank and S&P Global, is a leading indicator gauging private-business activity in Australia for both the manufacturing and services sectors. The data is derived from surveys to senior executives.
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