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Market Update: Australia Services PMI Slows to Three-Month Low
The IHS Markit Australia Services PMI decreased to a three-month low of 56 in June of 2021, down from 58 in the previous month, preliminary data showed. Business activity and employment growth momentum slowed with Australias Victoria state lockdown affecting business conditions. On the price front, input costs rose at a softer while output charge inflation reached new highs. source: Markit Economics [/s2If]
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