Judo Bank Australian Services PMI declines to 53.6 in April, down from March's 54.4

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Judo Bank Australian Services PMI declines to 53.6 in April, down from March's 54.4
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Australia's Judo Bank Services Purchasing Managers Index (PMI) slipped back in April, printing at 53.6 compared to the previous month's 54.4.

Australia 's Judo Bank Services Purchasing Managers Index slipped back in April, printing at 53.6 compared to the previous month's 54.4. New Services business increased at its fastest pace since May 2022 on the back of higher demand. The overall index performance took a hit as business charges eased at an increasing pace despite a faster rate of input cost increases.

While these figuressuggest an improvement in consumption levels through2024, official retail sales figures are yet to show clear signs of improvement, remaining tepid. About Judo Bank Australian Services PMI The Services Purchasing Managers Index , released on a monthly basis by Judo Bank and S&P Global, is a leading indicator gauging business activity in Australia’s services sector. The data is derived from surveys of senior executives at private-sector companies from the services sector.

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