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S&P Global Composite PMI Final

Name: S&P Global Composite PMI Final
Creator: TipRanks

The S&P Global Composite PMI Final for Australia is an economic indicator that measures the overall performance of the manufacturing and services sectors. It is derived from a survey of purchasing managers, providing insights into business conditions, including output, new orders, and employment. This index is crucial for assessing economic health, as it signals expansion when above 50 and contraction when below. Financial markets closely watch this PMI as it can influence monetary policy decisions and investor sentiment, impacting currency and stock markets.