Core 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]

Core Insights - The S&P Global Australia Composite PMI decreased from 55.5 in the previous month to 52.4 in September 2025, marking the lowest level since June of the same year, indicating a slowdown in the growth of the private sector's overall output in Australia [1][2] Economic Indicators - The overall growth rate of new business in Australia's private sector slowed down in September due to a reduction in new export activities [2] - Employment levels continued to rise steadily, leading to a slight decrease in backlogs of work [2] - Business confidence experienced a slight decline compared to August [2] Price Dynamics - Companies have slowed the pace of increasing product sales prices, while the costs faced by businesses accelerated in September [2] - The services sector's business activity index fell from 55.8 in August to 52.4 in September, the lowest level since June, but remained above the 50-point threshold for 20 consecutive months, indicating ongoing expansion [2] Sector Analysis - Despite the slowdown in new business growth, the services sector continued to expand in September, supported by strong growth in new sales and business activity [2] - Service sector companies increased employment in response to sustained growth in new business, although the business activity index experienced its first decline in three months [2] - The decrease in the rate of increase in service product sales prices is seen as a positive development, supporting market demand and providing some room for the Reserve Bank of Australia to consider further monetary easing before the end of the year [2]

Group 1 - The S&P Global Australia Composite PMI rose to 55.5 in August 2025, marking the highest level since April 2022, indicating continuous growth in the private sector for 11 consecutive months [1][2] - The overall new business in the Australian private sector grew at the fastest pace in 40 months, driven by the recovery of new export business [2] - The services sector's business activity index increased from 54.1 in July to 55.8 in August, also reaching the highest level since April 2022, indicating sustained expansion in the services sector [2] Group 2 - Private enterprises in Australia accelerated hiring to address backlog orders, reflecting improved business confidence compared to July [2] - Despite strong demand, the growth rates of cost prices and product prices in the services sector have moderated [2] - The data suggests a strong and broad-based growth in the Australian economy in August, increasing the likelihood of positive GDP growth in the third quarter [2]

Core Insights - The S&P Global Australia Composite PMI rose from 51.6 in June to 53.8 in July 2025, marking the highest level since April 2022, indicating a continuous increase in the private sector output for the tenth consecutive month [1][2] Economic Performance - The acceleration in Australia's private sector output in July was driven by increased business activity in the services sector and a recovery in manufacturing output [2] - The services sector business activity index increased from 51.8 in June to 54.1 in July, indicating sustained expansion above the neutral 50-point mark for the past 18 months [2] - The manufacturing PMI rose to 51.3 in July from 50.6 in June, remaining above the 50-point threshold for the seventh consecutive month, with overall new orders in manufacturing recovering despite a decline in new export orders [2] Employment and Pricing - Private enterprises accelerated hiring in July to address backlog orders, while facing ongoing cost pressures, leading to the largest price increase in nearly two years due to strong demand [2] - Business confidence in the manufacturing sector reached its highest level in over three years, reflecting optimism despite challenges [2] Future Outlook - While there are positive growth signs in the services sector, future activity indicators suggest a slight weakening in business optimism for the coming months [3] - The Reserve Bank of Australia is expected to implement further interest rate cuts, but inflationary pressures in the services sector have intensified, warranting close monitoring of future price trends [3]

Core Insights - The S&P Global Australia Composite PMI decreased from 51.6 to 51 in April 2025, indicating a slight reduction in the growth rate of Australia's private sector output, which has been increasing for seven consecutive months [1] Group 1: Economic Indicators - The number of new export orders in Australia's private sector declined again in April, but the overall growth rate of new orders reached its highest level since May 2022 [1] - The average input costs in Australia's private sector grew at the fastest pace since September of the previous year, leading businesses to raise selling prices to the highest level in nine months [2] - The services sector's business activity index fell from 51.6 to 51, marking the 15th consecutive month above the 50-point threshold, indicating ongoing expansion [2] Group 2: Business Sentiment and Employment - Despite the increase in business activity, the optimism level among private enterprises remains low, falling to a five-month low and below historical averages [1][2] - The services sector experienced a significant increase in new business and backlog of work, with the fastest growth in nearly three years, suggesting a positive outlook for the coming months [2] - Companies are continuing to hire at a steady pace to manage increased workloads, although concerns over trade uncertainties, particularly related to U.S. tariff measures, have dampened business sentiment [2]