Australia Composite Flash PMI Hits 6-Month High

2026-07-23 23:03 By Farida Husna 1 min. read

Australia's S&P Global Composite PMI climbed to 52.6 in July 2026 from a final 50.4 in June, flash estimates showed.

It was the highest reading since January, signaling a second straight month of expansion in private-sector activity, with growth strengthening to a pace above the long-run average.

Services activity rose the most in six months, while factory output posted its strongest performance of the year.

New orders returned to growth after four months of declines, though export demand weakened further.

Rising workloads lifted backlogs for the first time in five months, prompting firms to step up hiring, with employment growth at its quickest since April.

Input cost pressures eased to their softest since February, yet higher fuel, raw material, and wage costs continued to weigh on businesses.

Output price inflation edged up from June but stayed below April–May levels.

Finally, confidence improved only marginally from June’s multi-year low, remaining subdued by historical standards.



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Australia Composite Flash PMI Hits 6-Month High
Australia's S&P Global Composite PMI climbed to 52.6 in July 2026 from a final 50.4 in June, flash estimates showed. It was the highest reading since January, signaling a second straight month of expansion in private-sector activity, with growth strengthening to a pace above the long-run average. Services activity rose the most in six months, while factory output posted its strongest performance of the year. New orders returned to growth after four months of declines, though export demand weakened further. Rising workloads lifted backlogs for the first time in five months, prompting firms to step up hiring, with employment growth at its quickest since April. Input cost pressures eased to their softest since February, yet higher fuel, raw material, and wage costs continued to weigh on businesses. Output price inflation edged up from June but stayed below April–May levels. Finally, confidence improved only marginally from June’s multi-year low, remaining subdued by historical standards.
2026-07-23
Australia Composite PMI Revised Higher
Australia's composite PMI was revised up to 50.4 in June 2026 from the flash estimate of 49.8, rebounding from May's 48.7 to signal a marginal expansion in private-sector business activity. The upturn was driven by a renewed growth in the services sector, while manufacturing output continued to fall, albeit at a slower pace. Higher staffing levels helped firms increase output despite a further drop in new orders, suggesting businesses relied on existing capacity and backlogs to sustain activity. On the price front, input cost inflation remained elevated but eased from the previous month, indicating some moderation in cost pressures. At the same time, output price inflation slowed sharply, with selling prices rising at the weakest pace since January, reflecting weaker pricing power amid subdued demand. Finally, confidence deteriorated for a second consecutive month, falling to its lowest level since November 2023 as firms remained cautious over the economic outlook and future demand.
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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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