报告显示，澳大利亚私营经济的商业活动增长在9月有所放缓，背后原因是出口订单重新减少导致整体 的新增订单增长放缓，企业乐观情绪也降至一年来的最低水平。但澳私营企业继续稳步增加用工，以应 对现有工作量并清理现存订单。 标普全球速览澳大利亚综合PMI是标普全球速览制造业PMI产出指标和速览服务业PMI商业活动指标的 GDP加权平均值，高于50点枯荣线说明澳大利亚私营经济正在扩张，低于50点则显示该国私营经济萎 缩。 报告还指出，9月澳大利亚制造业PMI指数从8月的53点下降至51.6点，9月澳大利亚制造业PMI产出指标 从53.8点下降到52.9点。 新华财经悉尼9月23日电（记者李晓渝）金融分析公司标普全球（S&P Global）公布的最新数据报告显 示，2025年9月标普全球速览澳大利亚综合采购经理指数（S&P Global Flash Australia PMI Composite Output Index）从8月的55.5点下降至52.1点。 （文章来源：新华财经） 价格方面，9月澳大利亚私营企业的平均投入品成本价格继续以高于平均水平的速度增长，而产品销售 价格的涨幅则略有减小。 标普全球经济学家潘婧怡表示 ...

Core Viewpoint - The latest data from S&P Global indicates that Australia's private sector is experiencing accelerated growth in July 2025, driven by a recovery in manufacturing output and increased activity in the services sector [1][2]. Group 1: Economic Indicators - The S&P Global Flash Australia PMI Composite Output Index rose from 51.6 in June to 53.6 in July, indicating expansion in the private sector [1]. - The manufacturing PMI output index increased from 50.6 in June to 51.6 in July, while the services PMI activity index rose from 51.8 to 53.8 [3]. - New orders in the private sector saw the largest increase in over three years, particularly in manufacturing, which experienced its highest growth in two and a half years [2]. Group 2: Employment and Business Sentiment - Private enterprises increased hiring in response to the growth in new orders, although business optimism has weakened, reaching an eight-month low [2]. - Despite the increase in new orders, manufacturing employment growth has slowed, and procurement activities have decreased, indicating a cautious outlook among manufacturers [2]. Group 3: Inflation and Monetary Policy - Price pressures faced by private enterprises intensified in July, suggesting a potential rise in inflation in the coming months, which adds uncertainty to the monetary policy outlook of the Reserve Bank of Australia [2].

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]

Group 1 - The S&P Global Flash Australia PMI Composite Output Index decreased from 51.6 in March to 51.4 in April 2025, indicating continued growth in Australia's private sector but at a slower pace [1][3] - The private sector's business activity in April was supported by an increase in new business, with the fastest growth in manufacturing and services since April 2022 [1][2] - Despite a stable increase in employment, the backlog of work in private enterprises saw the largest growth in nearly three years, driven by rising demand [1][2] Group 2 - The overall sales price increase in Australia's private sector reached a nine-month high due to rising demand, although costs are also increasing rapidly [2] - Geopolitical uncertainties and the impact of U.S. tariff policies have weakened export performance and affected business confidence in April [2][3] - The manufacturing PMI output index fell from 51.8 in March to 51.5 in April, while the services PMI activity index decreased from 51.6 to 51.4 [3]