Australia's composite PMI came in at 51.0 for the latest reading, down slightly from the previous 51.1. The metric, which tracks manufacturing and services activity, remains just above the 50 threshold that separates expansion from contraction. This marginal decline suggests economic momentum is holding steady but losing a touch of steam. For crypto traders watching macro headwinds, PMI figures like these matter—they signal whether risk appetite is fading or still intact. A reading hovering around 51 indicates the economy isn't tanking but also isn't firing on all cylinders. Markets are parsing every tenth of a point these days.