Australia Jun, P CBA Manufacturing PMI....>

AUSTRALIA: Australia Jun, P CBA Manufacturing PMI 49.8; May 44.0

Australia Jun, P CBA Services PMI 53.2; May 26.9

Australia Jun, P CBA Composite PMI 52.6; May 28.1

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Business activity returned to growth in June as an easing of COVID-19

restrictions led to the resumption of operations at some firms that had

previously been closed. The increase was centred on the service sector, which

saw a rise in activity for the first time in five months. Meanwhile,

manufacturing production continued to fall, albeit at a much softer pace. New

orders stabilised, ending a four-month sequence of decline.. New export orders

continued to fall sharply, particularly in the service sector amid restrictions

on travel... Companies displayed caution with regards to hiring policies as they

continued to operate below capacity. Employment decreased for the fifth month

running, although the rate of job cuts softened.

- Sentiment was the highest in nine months, with optimism strengthening across

both the manufacturing and service sectors.