Australia’s private-sector activity showed signs of renewed momentum in April, as the S&P Global Manufacturing & Services PMI rose to 50.40, moving back into expansion territory from a previous reading of 46.60.
Both the prior and current readings relate to April 2026, with the latest data update published on 4 May 2026. On a month-over-month comparison basis, the improvement in the composite index suggests that business conditions in Australia’s manufacturing and services sectors have strengthened compared with the previous month, after having been in contraction.
The move above the 50.0 threshold is closely watched by investors and policymakers, as it typically signals a shift from declining to expanding private-sector output. The latest PMI print will likely be interpreted as an early indication that underlying demand and activity in the Australian economy may be stabilising after a weaker spell.
