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 for a second consecutive month and at the quickest pace since April 2023. Business ... (full story)