S&P Global(US:SPGI) Xin Hua Cai Jing·2025-09-23 05:21Core Insights - The S&P Global Flash Australia PMI Composite Output Index decreased from 55.5 in August to 52.1 in September 2025, indicating a slowdown in business activity growth in Australia's private sector [1][2] - The decline in new orders is attributed to a reduction in export orders, leading to the lowest level of business confidence in a year [1] - Despite the slowdown, private enterprises in Australia continue to increase employment steadily to manage existing workloads and clear backlogs [2] Economic Indicators - The average input costs for private enterprises in Australia continued to rise at a rate above the long-term average, while the increase in product sales prices has slightly decreased [1][2] - The manufacturing PMI index fell from 53 in August to 51.6 in September, and the manufacturing PMI output index decreased from 53.8 to 52.9 [2] Business Sentiment - Business confidence in the Australian private sector has dropped to its lowest level in a year, suggesting a potential slowdown in economic growth [1][2] - The negative impact of U.S. tariff policies is becoming evident, with new orders in the manufacturing sector returning to a contraction state [1]