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Australian S&P Global Manufacturing PMI Flash (Jan) 52.3 (Prev. 51.6)

Newsquawk Staff ·

Australian S&P Global Manufacturing PMI Flash (Jan) 52.3 (Prev. 51.6)

What it means

The Australian S&P Global Manufacturing PMI Flash for January increased to 52.3 from the previous 51.6, indicating a stronger expansion in the manufacturing sector than prior expectations. This uptick may signal resilience in economic activity, potentially influencing monetary policy discussions and supporting the Australian dollar amid ongoing global economic uncertainties.

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