S&P Global(US:SPGI) Xin Hua Cai Jing·2025-12-03 00:45Core Insights - S&P Global's latest report indicates that the S&P Global Australia Composite PMI rose to 52.6 in November, the highest level since August, up from 52.1 in the previous month [1][2] - The overall output of Australia's private sector has increased for the fourteenth consecutive month, with a notable rise in growth compared to the previous two months [1][2] Economic Indicators - In November, Australia's manufacturing output returned to growth, and service sector business activity accelerated, contributing to the overall increase in private sector output [2] - New business in the private sector also rose in November, driven by a first increase in manufacturing new orders in three months [2] Employment and Costs - Private enterprises increased hiring in November, leading to a reduction in backlogs of orders [2] - Despite these positive trends, the level of business confidence among private enterprises remained nearly unchanged compared to October, and both input costs and selling prices saw slight increases [2] Sector Performance - The service sector benefited from rising domestic demand and significant improvements in international demand, particularly due to a rebound in tourism activities, which contributed to a noticeable increase in business activity compared to October [2] - The recovery in manufacturing output also played a crucial role in supporting the overall expansion of Australia's private economy [2]