Australian GDP growth slows
Australia recorded gross domestic product growth of 0.5% on the quarter in the final three months of last year, just below expectations for a rise of 0.6%.
Annual growth was in line with expectations at 2.5%, the slowest rate in four quarters.
Home construction added 0.1% to growth.
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China’s service sector PMI edges higher
HSBC’s purchasing managers’ index for China’s services sector edged higher in February, to 52 from 51.8.
Any reading above 50 indicates growth in the sector.
HSBC’s composite PMI for China, combining services and manufacturing activity, showed a rise to 51.8 from 51.
