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S&P Global Flash Australia PMI: Private sector output expands at fastest pace since April 2022
Australia's business activity growth accelerated midway through the third quarter, with faster expansions across both the manufacturing and service sectors. This was supported by higher new work inflows, including a renewed expansion in exports. In turn, Australian private sector firms raised their staffing levels at a faster rate to cope with additional workloads. Business sentiment also improved slightly from July. On prices, both the rates of input cost and output price inflation eased in the latest survey period. The headline seasonally adjusted S&P Global Flash Australia PMI© Composite Output Index posted ... (full story)
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