【环球财经】5月Judo Bank速览澳大利亚综合PMI小幅下降

Core Insights - The S&P Global Flash Australia PMI Composite Output Index decreased from 51 in April to 50.6 in May 2025, indicating a slowdown in the growth of Australia's private sector business activity [1][2] - Despite a recovery in exports, the overall growth rate of new business also declined, reflecting a mixed outlook for the private economy [1] - Business confidence among private enterprises weakened in May, although hiring continued at a steady pace, suggesting a cautious but optimistic short-term outlook [1] Summary by Category Economic Activity - The private sector in Australia continued to grow in May, but the pace of growth slowed due to a decline in both manufacturing output and service sector activity [1] - The manufacturing PMI output index fell from 51 in April to 50.6 in May, while the services PMI activity index dropped from 51 to 50.5, marking a six-month low [2] Business Confidence - Business confidence in the private sector showed signs of weakening, yet companies maintained a steady hiring pace, indicating a level of optimism about short-term prospects [1] - The report suggests that the upcoming Australian elections may have contributed to the slowdown in new order growth, with expectations for a rebound in the coming months [1]