AU Flash Manufacturing PMI

Business activity in Australia’s private sector returned to growth in August, underpinned by rising services activity. Overall new orders also rose while employment growth accelerated alongside rising business confidence. Meanwhile, selling price inflation eased despite average input costs rising at the fastest pace since March 2023. The Judo Bank Flash Australia Composite PMI® Output Index* rose to 51.4 in August, up from 49.9 in July. Rising above the 50.0 neutral mark, the latest data signalled that business activity returned to ...

Business activity in Australia's private sector neared stagnation in July as companies faced a second consecutive month of falling new orders. Employment ticked higher, while rates of inflation quickened. Business confidence dropped to the lowest since the outbreak of the COVID-19 pandemic. The Judo Bank Flash Australia Composite PMI® Output Index* fell to 50.2 in July, down from 50.7 in June. The reading signalled a marginal increase in output that was the slowest in the current six-month sequence of expansion. A weaker rise in ...

Australia’s private sector activity expansion sustained in June, but remained services-driven. Firms worked through their backlogs amid a reduction in new business, supported by higher staffing levels. Selling price inflation meanwhile eased in June amid softer cost pressures and a drop in confidence levels. The Judo Bank Flash Australia Composite PMI® Output Index* posted 50.6 in June, down from 52.1 in May. The latest reading signalled that private sector activity expanded for a fifth straight month, but at a slower and only ...

Australia’s private sector activity expansion sustained midway into the second quarter of 2024, supported again mainly by services activity growth. Incoming new business rose at the fastest pace since June 2022, leading to faster job creation in the private sector. Price pressures intensified for Australian firms, however, affecting business sentiment in May. The Judo Bank Flash Australia Composite PMI® Output Index* posted 52.6 in May, down from 53.0 in April. The latest reading signalled that private sector activity expanded for a ...

Australia’s private sector activity expansion accelerated at the start of the second quarter, supported primarily by service sector growth. Higher new business inflows underpinned rises in business activity and employment, while firms remained optimistic regarding future output. On prices, the rate at which output prices rose eased in April despite higher input cost inflation. The Judo Bank Flash Australia Composite PMI® Output Index* posted 53.6 in April, up from 53.3 in March. The latest reading signalled that private sector ...

Australia’s private sector activity expansion was sustained in March, albeit limited to the service sector. Higher incoming new business drove growth of business activity and employment. This was while price pressures declined with lower rates of input cost and output price inflation recorded in March. Overall sentiment rose to the joint-highest in seven months. The Judo Bank Flash Australia Composite PMI® Output Index* posted 52.4 in March, up from 52.1 in February. The latest reading signalled that private sector activity expanded ...

Australia’s private sector activity improved midway into the first quarter, though growth was driven solely by the service sector. Higher new business supported the expansions in output and employment. Concurrently, inflation rose as both average input costs and output prices increased at faster rates. Overall sentiment remained positive, though the level of optimism eased to a three-month low. The Judo Bank Flash Australia Composite PMI® Output Index* posted 51.8 in February, up from 49.0 in January. The latest reading signalled ...

Australia’s private sector activity continued to decline at the start of 2024. That said, the pace of reduction eased alongside a slower fall in new business. This was amidst improvements in business sentiment while employment levels also continued to rise. Selling price inflation notably eased to a 34-month low in January. The Judo Bank Flash Australia Composite PMI® Output Index* posted 48.1 in January, up from 46.9 in December. This signalled a fourth consecutive month of business activity decline, though at the slowest pace in ...