Analyzing the Positive PMI Numbers in Sydney

TLDRThe PMI numbers in Sydney have shown positive signs of recovery and growth, but sustainability and potential challenges remain. The demand and production sides have both improved, driven by domestic and external demand. The small firm PMI has entered expansionary territory for the first time in a year, suggesting government support measures are working. However, the recovery's sustainability and the long-term impact of private demand remain uncertain. Policy actions, such as fiscal support and potential rate cuts, are expected to continue, but their timing may be influenced by strong data and the actions of the US Federal Reserve.