The manufacturing sector in Australia continued to expand in May, albeit at a slower pace with a manufacturing PMI score of 55.3, according to the latest survey from S&P Global. Thats down from 58.8 in April, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. The survey also showed that the services PMI fell to 53.0 in May from 56.6 in April, while the composite PMI slipped to 52.5 from 55.9. Powered by Commodity Insights
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