S&P Global PMIs from Australia for August 2025
August services PMI 55.8, fastest increase in more than 3 years
- prior 54.1
Composite 55.5
- prior 53.8
Comments from S&P, in brief:
- Services sector growth: Accelerated in mid-Q3 2025.
- Domestic demand: Stayed strong in August.
- External demand: Showed a clear recovery.
- Future outlook: The Future Activity Index pointed to stronger near-term services growth.
- Jobs: Employment growth picked up in August.
- Prices: Input costs and output charge inflation remain high but eased since July.
- Composite PMI: Both manufacturing and services showed broad-based strength in August.
- GDP outlook: Data supports expectations for positive Q3 GDP growth.
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Earlier this week:
Australian S&P Global Manufacturing PMI (August) 53.0, its highest since September 2022
