Australian Services PMI (Jan F) 56.3 (Prelim. 56.0)
Newsquawk Staff ·
Australian Services PMI (Jan F) 56.3 (Prelim. 56.0)
What it means
The final reading of Australia's Services PMI for January came in at 56.3, slightly ahead of the preliminary estimate of 56.0. This suggests robust growth in the services sector, reinforcing the positive momentum seen in recent economic data. As a result, this could bolster expectations for continued supportive monetary policy and appetite for risk assets.
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