-
S&P Global Flash Australia Composite PMI
Australia’s private sector recorded a third straight month of growth, according to Flash PMI® data. Both output and demand expanded at strong rates in April, leading to the continued expansion of workforce capacity. Supply constraints persisted, however, contributing to record input cost inflation while backlogged work also rose solidly. Overall business confidence eased. The S&P Global Flash Australia Composite Output Index* rose from 55.1 in March (final reading) to 56.2 in April. This marked a third consecutive month of expansion for Australia’s private sector and at the fastest rate in two months. ... (full story)