Australia Composite PMI Rises in June

2026-06-22 23:03 By Farida Husna 1 min. read

Australia's composite PMI rose to 49.8 in June 2026 from a final 48.7 in May, flash estimates showed.

The result signaled that private-sector activity was near stabilisation after a drop in the prior month.

Services activity was broadly unchanged, while factory output continued to fall at a pace little changed from May.

Employment grew after its first fall in nearly 1-1/2 years, although firms continued to reduce outstanding work, with backlogs falling at the fastest pace in just over 2-1/2 years.

New orders shrank for a fourth month amid market uncertainty and global turbulence, while foreign sales also weakened.

On the price front, input costs continued to rise sharply, though inflation eased for a second straight month to its slowest since March.

Firms also raised selling prices at the weakest pace since February.

Finally, confidence hit its lowest since March 2020 and, excluding the pandemic period, the weakest since the survey began, reflecting concerns over the economic outlook.



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Australia Composite PMI Rises in June
Australia's composite PMI rose to 49.8 in June 2026 from a final 48.7 in May, flash estimates showed. The result signaled that private-sector activity was near stabilisation after a drop in the prior month. Services activity was broadly unchanged, while factory output continued to fall at a pace little changed from May. Employment grew after its first fall in nearly 1-1/2 years, although firms continued to reduce outstanding work, with backlogs falling at the fastest pace in just over 2-1/2 years. New orders shrank for a fourth month amid market uncertainty and global turbulence, while foreign sales also weakened. On the price front, input costs continued to rise sharply, though inflation eased for a second straight month to its slowest since March. Firms also raised selling prices at the weakest pace since February. Finally, confidence hit its lowest since March 2020 and, excluding the pandemic period, the weakest since the survey began, reflecting concerns over the economic outlook.
2026-06-22
Australia Composite PMI Revised Upward
Australia’s composite PMI was revised higher to 48.7 in May 2026 from 47.8 in the preliminary estimate, but remained below the final reading of 50.7 in April. It marked the second contraction in three months as services and manufacturing activity weakened amid the prolonged Middle East conflict. Services activity contracted for the second time in three months, while manufacturing growth eased, with output declining for a fourth straight month. Total new orders dropped at the steepest pace in just under two and a half years, underscoring softer demand amid the Middle East war. Employment also fell for the first time in 17 months, with job losses the sharpest in nearly five years. Input costs rose due to higher fuel prices, although inflation eased from April. Selling price inflation also slowed from April's 39-month high. Lastly, sentiment slumped to its lowest level since November 2023 amid concerns surrounding a broader economic downturn, higher prices, and rising interest rates.
2026-06-02
Australia Private Sector Activity Falls Back Into Contraction
Australia’s composite PMI fell to 47.8 in May 2026 from a final 50.4 in the previous month, flash data showed, marking the second contraction in three months as services and manufacturing weakened under the prolonged Middle East conflict. Services swung back into contraction after April’s expansion, while manufacturing output declined for a fourth straight month. Total new orders dropped at the steepest pace since September 2021, underscoring softer demand amid geopolitical uncertainty. Employment also fell for the first time in 18 months, with job losses the sharpest in nearly six years. Input cost inflation accelerated to its second-highest since August 2022, driven by fuel, raw materials, and transport, while output charges rose further, though at a slower pace than costs. Business confidence slumped to a record low in the survey’s decade history, weighed down by rising costs, risk of further rate hikes, and challenging market conditions.
2026-05-20