Oil cuts, wage rises and rate hikes
NAB Morning Call
00:00
The Cajing Services PMI Is a Bit Better Than the Official Numbers
Today we get the Cajing Services PMI. There is a expectation for small ease in terms of activity from 56.4 to 55.2, so still a pre-boyend services sector. So I don't think there's no expectations of a major surprise there. It's more about the nature of that growth, which particularly for countries like Australia and the demand for commodities, is that it's not being so infrastructure-led and property-led. But there is talk, isn't there? The Communist Party might step in.
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