Australia's S&P Global Manufacturing PMI declines to 50.3 in May
The preliminary reading of Australia's S&P Global Manufacturing Purchasing Managers Index (PMI) declined to 50.3 in May versus 51.3 prior, the latest data published by S&P Global showed on Thursday.
The Australia’s S&P Global Services PMI eased to 47.7 in May from the previous reading of 50.7, while the Composite PMI fell to 47.8 in May versus 50.4 prior.
Market reaction
At the press time, the AUD/USD pair is up 0.60% on the day to trade at 0.7150.
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