Popular Posts Last 7 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last 30 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last year_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts All time_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular


Saudi Arabia$type=two$count=2$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World



Australia manufacturing, services both strong in June: CBA


Australia's manufacturing and service sectors both enjoyed strong activity in June with upbeat demand encouraging more hiring and bolstering optimism on the future, according to a new survey out on Monday.

The inaugural Commonwealth Bank and IHS Markit Purchasing Managers' Index (PMI) rose to a seasonally adjusted 56.2 in June, from 55.9 in May and putting it well above the 50.0 threshold between expansion and contraction.

Its measure of services picked up to 57.0, from 54.8 in May, with 70 percent of respondents predicting faster growth for the year ahead.

Pressure on capacity prompted manufacturers to add jobs in the month, with the employment index near a five-month peak. Around two-thirds of respondents expected to raise output in the year ahead.

"The pressure on capacity evident in the survey responses is a positive indication for further jobs growth and brings us a step closer to the long-awaited lift in business capex," said CBA chief economist Michael Blythe.

"It may also signal an incipient turn in what has been a very benign inflation backdrop in recent years."


EMAIL NEWSLETTER$desc=Subscribe to receive inspiration, ideas, and news in your inbox



Ads,5,Afghanistan,34,Animals,31,Bahrain,2,Barcelona,1,Business,659,China,42,Egypt,9,Headlines,11,Health,142,India,64,Indonesia,8,International,75,Iran,42,Iraq,35,Islamophobia,17,Israel,1,Kuwait,1,Lebanon,1,Lifestyle,273,Malaysia,3,Middle East,14,Muslim World,370,Nawaz Sharif,5,Opinion,26,Pakistan,939,Palestine,25,Pics,66,Popular,1,Qatar,83,Saudi Arabia,53,Science,124,Showbiz,256,Sports,999,Sudan,1,Syria,46,Technology,163,Top News,732,Turkey,38,UAE,16,Videos,73,World,3378,Yemen,5,
Muslim Global: Australia manufacturing, services both strong in June: CBA
Australia manufacturing, services both strong in June: CBA
Muslim Global
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy