Technical Analysis

Australia’s construction sector PMI rises in November but remains in contraction at 48.2

Australian Industry Group Performance of Construction Index for November 2022 comes in at 48.2.

Up from October’s 43.3 and still in contraction.

November is the 6th month in a row of contraction for this index.

We still have service sector PMI to come from Australia today, along with inflation data:

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