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AUSTRALIA APR, P CBA MANUFACTURING PMI....>

AUSTRALIA
AUSTRALIA: AUSTRALIA APR, P CBA MANUFACTURING PMI 45.6; MAR 49.7
AUSTRALIA APR, P CBA SERVICES PMI 19.6; MAR 38.5
AUSTRALIA APR, P CBA COMPOSITE PMI 22.4; MAR 39.4
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- CBA notes that "this is an astonishing result. The collapse in the headline
index reflects the severe contraction in economic activity currently taking
place. The services sector has been hit a lot harder than the manufacturing
sector. And the pace of job shedding is concerning though not surprising given
the large number of Australian businesses that remain shut. The extent to which
the PMIs rebound will be dictated in large part by the duration of the enforced
shutdown".
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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