AUSTRALIA DATA: Q3 Cost/Prices Ease On Q2 But Rise In September, Confidence Weak
While the preliminary September S&P Global composite PMI eased to 50.8 from 52.7, there was a pickup in Q3 signalling GDP growth may have improved in the quarter. Q3 averaged 52.2 up from Q2's 49.8, which was impacted by geopolitical uncertainty and jump in fuel prices. However, Q3 services PMI was also higher than Q1