Australia Private-Sector Sustains Expansion in May: PMI Report

Australia's private-sector expansion was sustained in May, supported mainly by service-sector growth and a flush of new business, reported S&P Global on Thursday, citing its monthly survey.

MT NewswiresMay 23 05:06 ET

Australia's Business Activity Accelerates in May, But Growth Eases to Three-Month Low

Business activity in Australia's private sector expanded further in May, albeit at a slower pace, with manufacturing output reaching an eight-month high and the services sector sustaining its growth, according to preliminary readings from S&P Global and Judo Bank's monthly purchasing managers' index data.

MT NewswiresMay 23 01:50 ET

Australian Dollar Rebounds Due to Improved Risk Appetite

The Australian Dollar (AUD) halts its three-day losing streak on Thursday, possibly driven by the improved risk appetite. However, the Aussie Dollar came under pressure following the Consumer Inflation Expectation, released by the Melbourne Institute. Consumer expectations of future inflation over the next 12 months fell to 4.1% in May from 4.6% in April, marking the lowest level since October 2021.

FXStreetMay 22 23:01 ET

Australian Flash PMI Data Points to Resilience in Economy, Stubborn Inflation

Australia's economy continues to register a clear and detectable pulse, with purchasing managers' index data for May remaining firmly in expansionary territory.

WSJMay 22 20:27 ET

Bit by Bit, Aussie Economic Data Is Supporting RBA Pause -- Market Talk

Bit by bit, the Reserve Bank of Australia is getting welcome news that key areas of the economy are cooling, such that it might take the threat of interest-rate increases fully off the table in coming months.

WSJMay 22 02:58 ET

Australian Consumer Pessimism Deepens in May

Consumer sentiment in Australia remains "deeply pessimistic" in May, undercut by inflation, housing costs and a softening job market, reported the Melbourne Institute, citing its monthly survey.

MT NewswiresMay 21 05:18 ET