CBA / Markit Service Purchasing Managers Index for June: 52.7 (prior 55.9)

Composite index in at 52.9

• prior 55.6

"Key findings" points made by CBA:

• Business activity in the Australian service sector expanded at a noticeably slower rate during June, despite stronger rises in both sales and employment.
• At the same time, increased workforce numbers failed to prevent a further stretching of operating capacities, with backlogs of work increasing.
• Input prices rose sharply amid higher staff costs, but firms were reluctant to pass these on to selling charges in order to remain competitive.

Just like the earlier AiG PMI, not an immediate forex mover.

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Earlier today we got the Australian Industry Group Performance of Services Index

• up 4 points to a record high of 63.0

Earlier this week we got:

• Australia AIG Manufacturing PMI: 57.4 (prior 57.5)
• Australia CBA Manufacturing PMI for June: 55 (prior was 53.2)