The S&P Global Australian PMI is now sponsored by Judo Bank, not the Commonwealth Bank, so I've renamed it in the charts.
The "flash" (provisional) estimates for July for both manufacturing and services fell. The mini rebound "blip" is well and truly over, with the composite PMI now below the 50% "recession line".
The chart shows the seasonally adjusted and extreme-adjusted series. The spikes were due to Covid and Covid lockdowns.
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