Australia’s Private Sector Expands For 7th Month
2025-04-22 23:10
By
Mojdeh Kazemi
1 min. read
The S&P Global Australia Composite PMI eased slightly to 51.4 in April 2025 from 51.6 in March, flash estimates showed.
Australia’s private sector expanded for a seventh straight month fueled by strong gains in both manufacturing and services output, underpinned by the sharpest rise in new business in three years.
Service providers saw particularly strong demand, while manufacturers experienced more modest gains.
However, the pickup in sales was largely domestic, as export orders declined for the second month, weighed down by tariff-related uncertainties and geopolitical concerns.
Business confidence slipped to its lowest level since October and rising demand led to a second consecutive monthly increase in backlogs, while firms responded by boosting employment at a pace consistent with March’s 23-month high.
Input costs surged due to higher materials, energy, and wages, compounded by a weaker currency, though softer inflation in the services sector helped temper overall price pressures