Technical Analysis

Australian service PMI for October falls further into contraction: 47.7 (prior 48.0)

Eamonn Sheridan

Australian Industry Group Performance of Services Index for October 2022 falls to 47.7

This completes the fifth and final PMI from Australia for the month. Only one of the five is in in expansion:

Maybe if China kicks into reopening Australia’s economy might get a lift.

It’s a big ‘if’ though:

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