Archive

August 22, 2023
AU.png

Australia PMI manufacturing 49.4 in Aug-23

- The manufacturing sector in Australia contracted in August 2023, with a PMI reading of 49.4, the lowest level since June 2023.
- The PMI reading of 49.4 is 0.67 below the one-year average, indicating weaker performance compared to the previous year.

August 17, 2023
AU.png

Australia unemployment rate 3.71% (consensus 3.6) in Jul-23


- Australia's unemployment rate in July 2023 rose to 3.71%, surpassing the consensus forecast of 3.6% and reaching its highest level since May 2022.
- Employment in Australia experienced a decline of 14.64 thousand jobs, contrary to expectations of a 15 thousand increase, potentially impacting economic growth and consumer spending.

By country