Australian Private-Sector Activity Stalls in October as PMI Falls to 47.7
The S&P Global flash Australia PMI composite output index fell to 47.7 in October, its lowest level since March. The report cites rising interest rates and intensifying global shocks.
By James GlynnSYDNEY--Australian private sector business activity stalled in October, hitting its lowest levels since March as interest rates continued to rise and global shocks intensified.The headline seasonally adjusted S&P Global flash Australia PMI composite output index fell to 47.7 in Octobe…