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Australia monthly CPI inflation 5.2% y-o-y (consensus 5.2) in Aug-23

- Australia's monthly CPI inflation in August 2023 grew by 5.2% y-o-y, aligning with consensus expectations.
- This represents the highest inflation growth since June 2023 and is both slightly below the one-year average and substantially above the long-run average.

Australia PMI services 50.5 in Sep-23

- The Australian services sector experienced a significant improvement in September 2023, with the PMI reaching 50.5, the highest level since May 2023.
- The PMI for services surpasses the one-year average by 0.97 points, indicating a sustained recovery.

Australia PMI manufacturing 48.2 in Sep-23

- The Australia PMI manufacturing index declined to 48.2 in September 2023, the lowest level since April 2023.
- The contraction in the manufacturing sector indicates a potential slowdown in production and new orders, which may have implications for employment and economic growth.

Australia consumer inflation expectations 4.61% y-o-y in Sep-23

- Consumer inflation expectations in Australia for September 2023 decreased to 4.61% year-on-year, the lowest growth since April 2023.
- The current expectations are 0.55 percentage points below the one-year average, indicating subdued inflationary sentiment, but still remain 0.24 percentage points above the long-run average, suggesting a modestly elevated inflationary environment compared to historical trends.