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flag Australia's manufacturing and services sectors contract further, signaling economic slowdown.

flag Australia's manufacturing and services sectors continued to contract in November, with the Manufacturing PMI at 49.4 and Services PMI at 49.6, both below the 50 threshold for expansion. flag This follows a similar trend in October and indicates a slowdown in job additions and output. flag Lower inflation and easing selling price pressures suggest potential for reduced interest rates in 2024. flag Japan also reported ongoing contraction in manufacturing, with a PMI of 49.0, though its services PMI improved slightly to 50.2.

5 months ago
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