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Looking a closer look at the flash CBA....>

AUSTRALIA
AUSTRALIA: Looking a closer look at the flash CBA PMI survey, CBA noted that
"more worryingly, there was also a sharp fall in employment intentions at the
start of Q3, led by the services sector. This PMI component is at the lowest
level since the series began in May 2016.Any potential weakness underlines the
importance of the tax cuts now filtering into the economy and the calls for more
policy stimulus via infrastructure spending and microeconomic reform."
- This will no doubt be heard by the RBA, with the bank particularly focused on
the labour market at present.
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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