S&P Global(US:SPGI) Xin Hua Cai Jing·2026-02-04 02:09Group 1 - The S&P Global Australia Composite PMI increased from 51 to 55.7 in January 2026, indicating the overall output of the Australian private economy has risen for the 16th consecutive month, with the highest growth rate in 45 months [1] - The manufacturing output and service business activity in Australia both saw an increase in January 2026, with new business growth reaching the highest level since April 2022 [2] - The Australian services business activity index rose significantly from 51.1 in December 2025 to 56.3 in January 2026, marking the highest level since February 2022 and indicating continuous expansion for 24 months above the 50-point threshold [2] Group 2 - The increase in domestic and external demand contributed to the significant improvement in the Australian services sector, with the expansion rate in January reaching the highest level in nearly four years [2] - Despite the growth in new business leading to increased hiring, the business confidence level among private enterprises fell to the lowest point since October 2024 [2] - Input cost pressures eased for service sector businesses in January, allowing them to reduce the pace of price increases, which is beneficial for future demand growth [2]