Australian private sector output contracts for first time in 18 months in March | Metals Mine

  • Australian private sector output contracts for first time in 18 months in March

    From pmi.spglobal.com

    The Australian private sector ended the first quarter of 2026 in contraction, according to the latest flash PMI® data by S&P Global. The reduction in activity was the first for a yearand-a-half as demand faltered. The decline in output was the strongest recorded since the end of 2023, owing largely to a solid drop in services activity which fell for the first time in over two years. Meanwhile, Australian manufacturers posted a fractional dip in output. Businesses faced steep cost pressures, with the rate of inflation at a more than three-year high. At least some of this increased cost burden was passed through to ... (full story)

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