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Aussie PMI Leaks Early And It Was Horrendous

Sam RoAug 1, 2013, 04:55 IST

Flickr/Richard FisherAustralia's July manufacturing PMI report is out, and at it looks ugly.

The headline number fell to 42.0 from 49.6 a month ago.

Any number below 50 signals contraction.

The production sub-index tanked to 37.7, down 12.5 point from July.

The employment sub-index fell 4.2 points to 42.7.

Meanwhile, the input price index surged to 70.9, up 14.5 points.

The wage index spiked to 68.7, up 14.9 points.

More to come...