FX.co ★ Australia Private Sector Growth at 7-Month High

In March 2025, the S&P Global Flash Australia Composite PMI climbed to 51.3, up from 50.6 in February, signifying the most robust growth in private sector activity observed in seven months. This increase was supported by enhancements in both manufacturing, which surged to 52.6—the fastest in almost two and a half years—compared to February's 50.4, and services, which rose to 51.2 from 50.8. The uptick in output was largely fueled by a rise in new business growth, even as export orders experienced a decline. Meanwhile, unfinished work accumulated for the first time since mid-2022, despite staffing levels rising at their swiftest pace in nearly three years. On the economic front, cost pressures intensified, but firms chose to partly absorb these costs, as optimism regarding activity over the forthcoming year decreased.