Private sector growth in Australia remained strong in May according to Flash PMI® data. Survey participants reflected that easing COVID-19 restrictions helped to boost confidence and supported demand in May. The rate of business activity expansion eased only slightly from that seen in April, when growth was the strongest since the survey began in May 2016. Demand continued to improve markedly, encouraging companies to hire additional workers at a survey record pace. Price pressures remained elevated in May as input cost and output charge inflation both reached new records. Easing from 58.9 in April (final reading) to ... (full story)