Australian preliminary PMI from S&P Global for May 2025:
Manufacturing 51.7
prior 51.7
Services 50.5
prior 51.0
Composite 50.6
prior 51.0
Two of three slip back a little but all three remain in expansion. If there has been a ‘tariff hit’ its not hefty.
This article was written by Eamonn Sheridan at www.forexlive.com.