Australia's PPI in the third quarter rose by 0.9% quarterly and 3.9% annually in the Economic.
Australia's Bureau of Statistics announced that excluding exports, the Producer Price Index (PPI) for the third quarter of Australia, calculated based on final demand (measuring the change in prices of consumed goods and services without further processing), rose by 0.9% quarterly, down from the previous increase of 1%. On an annual basis, it increased by 3.9%, down from the previous rise of 4.8%. (da/w)~
The manufacturing PMI final value of Australia in October was revised upwards to 47.3, surpassing expectations.
According to Judo Bank/Standard & Poor's Global, after seasonally adjusted, Australia's October Judo Bank manufacturing purchasing managers' index (PMI) final value was revised upwards from the previous value of 46.7 to 47.3, higher than market expectations confirming the initial value fell to 46.6, but still in contraction for nine consecutive months, although the contraction rate has slowed down, overall it is moderate. In October, new orders for commodities in Australia decreased again, continuing the trend of contraction in new orders for nearly two years; at the same time, the decline in export orders is even more significant, mainly affected by reduced demand in major export markets. Due to the inflow of new orders and a decrease in output, procurement activities have also decreased.
Market Talk Roundup: Eurozone Inflation Rises, But ECB Still Expected to Cut Rates
Express News | Citi Macro: Rising inflation in the eurozone may not deter the European Central Bank from accelerating interest rate cuts.
Eurozone Inflation up to 2% in October as Unemployment Hits New Record Low
Express News | Ing Groep: Wage pressures in the eurozone have not yet abated.