49.3: Australia’s S&P Global Manufacturing PMI declines in September
The preliminary reading of Australia's S&P Global Manufacturing Purchasing Managers Index (PMI) eased to 49.3 in September versus 52.0 prior, the latest data published by S&P Global showed on Wednesday.
In September, Australia's S&P Global Manufacturing PMI decreased to 49.3 from 52.0 in the previous month, according to preliminary data released by S&P Global. The S&P Global Services PMI also declined to 51.4 from 53.2, while the Composite PMI fell to 50.8 from 52.7. The preliminary August PMI data for Australia had minimal impact on the Australian Dollar (AUD), which was trading near 0.7115 against the US Dollar (USD).
Key factors influencing the AUD include the Reserve Bank of Australia's interest rate decisions, the price of iron ore, China's economic performance, Australia's inflation rate and growth rate, trade balance, market sentiment, and the level of government intervention.
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