FX.co ★ Australia Private Sector Expands for 6th Straight Month in March

In March 2025, the S&P Global Australia Composite PMI climbed to 51.6 from February's 50.6, marking the sixth successive month of rising business activity and the most robust growth since last August. This uptick was fueled by a notable increase in services activity and a resurgence in manufacturing output. Employment levels experienced substantial growth, achieving their fastest rate in nearly two years. The speed of new order growth was the swiftest since May 2022, contributing to the expansion, while the accumulation of backlogs picked up pace. Business sentiment remained optimistic, albeit with a slight decline from February. Despite heightened cost pressures, companies chose to increase their selling prices more cautiously, due to intensified market competition.