New data Judo Bank Services PMI (Feb)
2/20/2025
actual 51.4, previous 51.2
The event is the Judo Bank Services PMI (Purchasing Managers' Index) for February. The actual PMI value reported is 51.4, which is slightly higher than the previous value of 51.2. This indicates a slight improvement in the economic health of the services sector in Australia. The impact of this event is considered high, as the Services PMI is a key indicator of economic performance and sentiment in the services industry. The estimate was 51.3, so the actual value slightly exceeded expectations. Overall, this data suggests a modest expansion in the services sector for the month of February in Australia.This is not investment advice. Remember to verify the information provided here.
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