Australian S&P Global Services PMI Final (Mar) 46.3 vs. Exp. 46.6 (Prev. 52.8)
Context
The final reading of the Australian S&P Global Services PMI for March came in at 46.3, slightly below expectations of 46.6 and significantly lower than the previous reading of 52.8. This deterioration points to a contraction in the services sector, which could signal broader economic weakness and influence market sentiment, potentially affecting the AUS dollar and the outlook for monetary policy.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#AUSTRALIA#ASIA#DATA#IMPORTANT#FOREX#ASIAN SESSION#PURCHASING MANAGER INDEX#OTHER DATA