Australian S&P Global Services PMI Final (Jan) 56.3 (Prev. 51.1)
Newsquawk Staff ·
Australian S&P Global Services PMI Final (Jan) 56.3 (Prev. 51.1)
What it means
The final reading of the Australian S&P Global Services PMI for January at 56.3 represents a significant rebound from the previous 51.1, indicating stronger growth in the services sector. This substantial improvement suggests a positive shift in economic momentum, which may influence market expectations for monetary policy adjustments and could strengthen the AUD against other currencies in the coming sessions.
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