Australia's service sector activity rises at slowest pace in six months to 50.4 in July

seekingalpha08-05

The Judo Bank Australia Services PMI Business Activity Index fell to 50.4 in July 2024 from 51.2 in June, signaling a sixth straight monthly expansion in services activity, but at a pace that was ...

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The Judo Bank Australia Composite Output Index fell to 49.9 in July 2024 from 50.7 in June, sliding below the 50 neutral mark for the first time since January as manufacturing activity remained contractionary, while services sector growth slowed. The S&P/ASX 200 Index dropped 2.5% to around 7,743 on Monday after losing 2.1% in the previous session, as investors braced for the latest Reserve Bank of Australia monetary policy decision.  ETFs: (EWA), (FXA), (FLAU). More on Australia  Australia's trade surplus widens more than expected, exports growth outpaces rise in imports Australia's Q2 inflation rate rises as expected, monthly CPI inflation eases to 3.8% RBA minutes show if \"inflation expectations\" change, it is ready to raise rates Australia’s monthly inflation rate accelerates to 4.0% in May, highest in six months Australia reports Q1 GDP growth of 0.1% below estimates","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2457716933"}