ONLY CHARTS #637

Aus flash PMI, Aus consumer spending, Aus new house sales, Advertised salaries, NZ import freight costs, NZ business inflation expectations, NZ GDP growth nowcast

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1. Australia’s flash composite PMI for August fell a little to 52.5 from 53.2 in July.

The PMI suggests that demand growth in Australia has recovered in recent months after earlier slowing sharply during the Middle East conflict.

2. Australia’s flash PMI input price series ticked higher in August and remained elevated. In contrast, the output price index declined but also remained above average.