The initial PMI results for Australia show that the manufacturing sector has improved slightly to 48.6 from the previous 48.4, while the services sector has decreased to 50.7 from the previous 52.1.

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The June 2023 flash PMIs from Australia by Jundo Bank and S&P Global.

Producing 48.6 items.

“50.7 units of services”

“50.5 made up of different parts”

“In summary, according to the report:”

The present rate of cash set by the RBA.

In her earlier comments this week, Deputy Governor Bullock expressed a firm stance.

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