Australia Composite PMI Revised Higher

2026-08-04 23:51 By Farida Husna 1 min. read

Australia’s S&P Global Composite PMI was revised up to 53.2 in July from the flash 52.6, accelerating from June’s 50.4 to the highest since January.

The reading signaled a second consecutive month of private-sector expansion, underpinned by the strongest services growth in six months and a return to manufacturing output gains.

New orders rose for the first time in five months, while the decline in export sales eased.

Employment climbed at a solid pace for a second month, though stronger demand drove a renewed buildup of backlogs, highlighting capacity pressures.

On inflation, input costs continued to rise sharply but eased to a five-month low from April’s peak.

In contrast, output price inflation picked up at the start of Q3, returning to levels close to those seen in April and May.

Business confidence rebounded from June’s 31-month low to its strongest level since just before the Middle East conflict in February, signaling improved sentiment heading into the second half of the year.



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Australia Composite PMI Revised Higher
Australia’s S&P Global Composite PMI was revised up to 53.2 in July from the flash 52.6, accelerating from June’s 50.4 to the highest since January. The reading signaled a second consecutive month of private-sector expansion, underpinned by the strongest services growth in six months and a return to manufacturing output gains. New orders rose for the first time in five months, while the decline in export sales eased. Employment climbed at a solid pace for a second month, though stronger demand drove a renewed buildup of backlogs, highlighting capacity pressures. On inflation, input costs continued to rise sharply but eased to a five-month low from April’s peak. In contrast, output price inflation picked up at the start of Q3, returning to levels close to those seen in April and May. Business confidence rebounded from June’s 31-month low to its strongest level since just before the Middle East conflict in February, signaling improved sentiment heading into the second half of the year.
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