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

.The preparatory analyses for September are listed below: Australia preparatory September PMI: Manufacturing 46.7 (prior 48.5) Services 50.6 (prior 52.5) Finals are, solutions 50.5 complex 49.6 Briefly coming from the document: Final September PMI validates lethargic economic growth, comparable to Flash release.Services industry continues broadening, raising staffing, but at a slower rate than very early 2024. Company cost stress continue to be, harder to pass on to consumers.Service sector activity stays above neutral however has slowed, with new company index balancing 51.4 in the last 3 months.Limited economical improvement coming from income tax cuts and stimulus RBA likely to maintain money rate.Employment development in services market slowing down social sector requirement helps make up for private sector decline.Output cost stress falling, however input expenses still high, confining profitability.Business outlook depends upon house costs rebound in FY25.This post was created through Eamonn Sheridan at www.forexlive.com.