02.07.202623:04:21UTC+00Australia Composite PMI Revised Higher

Australia’s composite PMI was revised up to 50.4 in June 2026 from a flash estimate of 49.8, recovering from May’s 48.7 and indicating a marginal expansion in private‑sector business activity. The improvement was led by the services sector, while manufacturing output continued to contract, albeit at a slower rate.

Higher staffing levels enabled firms to lift output despite another decline in new orders, suggesting that businesses relied on existing capacity and backlogs to sustain activity. On the cost side, input price inflation remained elevated but eased compared with the previous month, signaling some moderation in cost pressures.

In contrast, output price inflation slowed sharply: selling prices increased at their weakest pace since January, pointing to softer pricing power amid subdued demand. Looking ahead, business confidence deteriorated for a second straight month, dropping to its lowest level since November 2023 as firms remained cautious about the economic outlook and future demand.