Australia Services Growth Revised Upward

2026-09-03 00:06 By Farida Husna 1 min. read

The S&P Global Australia Services PMI Business Activity Index rose to 53.2 in August 2026, exceeding the preliminary estimate of 52.9 but easing from July’s six-month high of 53.6.

The latest reading marked a third straight month of growth, supported by a second straight monthly increase in new orders, although the pace remained modest and broadly in line with July.

In contrast, foreign orders fell for a fourth month, weighed down by higher fuel costs and lower tourist numbers.

Employment grew for a third month running, but the pace moderated from July.

On prices, input-cost inflation remained elevated, with the rate of increase ticking up from the prior month, though it stayed well below April’s recent peak.

Firms continued to raise their selling prices at a solid pace, albeit more slowly than in July.

Finally, sentiment hit a six-month high, coming close to its level before the outbreak of war in the Middle East.



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