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S&P Global Services PMI Flash

Name: S&P Global Services PMI Flash
Creator: TipRanks

The 'S&P Global Services PMI Flash' in Australia is a preliminary indicator that measures the performance of the services sector, based on data collected from purchasing managers. It is important because it provides early insights into economic health, influencing business decisions and policy-making. A reading above 50 indicates expansion, while below 50 signals contraction. This data can significantly impact financial markets, as it affects investor sentiment and expectations about future economic conditions.