Australian (last) solutions PMI for September 50.5 (prior 52.5)

.The preparatory readings for September are actually below: Australia preparatory September PMI: Manufacturing 46.7 (prior 48.5) Solutions 50.6 (prior 52.5) Finals are actually, solutions 50.5 composite 49.6 In a few words from the file: Final September PMI validates lethargic financial growth, similar to Show off release.Services market continues broadening, improving staffing, yet at a slower speed than very early 2024. Service price stress remain, tougher to hand down to consumers.Service market activity remains above neutral but has slowed, along with brand new service index balancing 51.4 in the last 3 months.Limited economic increase from tax cuts and stimulation RBA very likely to keep cash rate.Employment growth operational sector slowing social market need assists counter private sector decline.Output rate tensions falling, however input prices still high, restricting profitability.Business expectation relies on home spending rebound in FY25.This post was composed through Eamonn Sheridan at www.forexlive.com.