Australia: S&P Global Manufacturing PMI drops to 48.2, Services PMI improves to 50.5 in September

Lallalit Srijandorn FXStreet

The latest data on Friday showed that the preliminary S&P Global Australian Services PMI posted 50.5 in September, improved from 47.8 in August. On the other hand, the Manufacturing PMI declined to 48.2 from 49.6 in the previous reading.

Furthermore, the Composite Index also improved from 48.0 to 50.2.

Market reaction

At the press time, the AUD/USD pair is losing 0.01% on the day to trade at 0.6415.

Author

Lallalit Srijandorn

FXStreet

Lallalit Srijandorn is a Parisian at heart. She has lived in France since 2019 and now becomes a digital entrepreneur based in Paris and Bangkok.

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