Australia’s market sector faces job losses

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The S&P Global Flash Australia PMI has fallen to a three-month low.

Flash PMI

According to the release:

“At 49.9 in December, the headline seasonally adjusted S&P Global Flash Australia PMI Composite Output Index was down from 50.2 in November and the lowest in three months. The index signalled that Australia’s private sector output declined marginally following two consecutive months of expansion”.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.