FX.co ★ Australia Private Sector Expands For 7th Month

In April 2025, the S&P Global Australia Composite PMI registered a reading of 51, marking its seventh month of expansion, according to final data. However, the growth rate slowed from the 51.6 figure recorded in March, indicating more tempered business activity. While export orders continued to fall, the total new business increased at its fastest pace since May 2022. This renewed demand spurred robust hiring efforts, and backlogs of work built up at the most accelerated rate seen in nearly three years. Nonetheless, business confidence remains historically subdued, dipping to a five-month low and lingering below the series average, reflecting apprehension about the broader economic outlook. Regarding pricing, input costs rose at their sharpest rate since September of last year. Consequently, companies increased their selling prices, leading to the most significant rise in output price inflation in nine months.