The latest data on Friday showed that the preliminary S&P Global Australian Services PMI posted 50.5 in September, improved from 47.8 in August. On the other hand, the Manufacturing PMI declined to 48.2 from 49.6 in the previous reading.
Furthermore, the Composite Index also improved from 48.0 to 50.2.
Market reaction
At the press time, the AUD/USD pair is losing 0.01% on the day to trade at 0.6415.
Source: https://www.fxstreet.com/news/australia-sp-global-manufacturing-pmi-drops-to-482-services-pmi-improves-to-505-in-september-202309212307