FX.co ★ Australia Services Growth Accelerates

The S&P Global Flash Australia Services PMI experienced an uptick in March 2025, rising to 51.2 from February's 50.8. This growth was driven by an accelerated rise in new business, facilitated by improved economic conditions and effective business development initiatives. However, export orders saw a decline due to weather disruptions and muted external market conditions. On a positive note, job creation reached its highest point since June 2022. Despite this, businesses faced increased input cost pressures, and there was a slight dip in confidence levels.