Australia's Services PMI Rises to 51.3 in June, Manufacturing Holds Steady

Australia’s June PMI Shows Resilience in Services Sector

Australia's business activity expanded modestly in June, with the S&P Global Services PMI rising to 51.3, up from 50.6 in May. This marks an improvement in the performance of Australia’s dominant services sector, signaling mild but broad-based growth.

Manufacturing PMI Remains Flat

The S&P Global Manufacturing PMI remained unchanged at 51.0 in June, matching last month’s figure. While growth continues, momentum appears limited in the manufacturing space, suggesting stability but no acceleration.

Composite PMI Climbs to 51.2

With both sectors showing positive signals, the Composite PMI — which combines manufacturing and services activity — climbed to 51.2, up from 50.5. Any reading above 50 indicates expansion, reflecting Australia's continued recovery momentum despite external pressures like global inflation and trade shifts.

Internal Linking Suggestions (for Tredu.com):

• What is PMI and Why It Matters for Traders
• Australia’s Economic Outlook for 2025
• How to Trade Economic Data Releases