22.06.202623:03:48UTC+00Australia Composite PMI Rises in June

Australia’s composite PMI rose to 49.8 in June 2026 from a final 48.7 in May, according to flash estimates. The reading indicated that private-sector activity was close to stabilising after contracting in the previous month. Services activity was broadly flat, while manufacturing output continued to decline at a rate similar to May.

Employment returned to growth after recording its first decline in nearly one and a half years. However, firms further reduced outstanding business, with backlogs falling at the fastest pace in just over two and a half years. New orders contracted for a fourth consecutive month amid market uncertainty and global volatility, and foreign demand also weakened.

On the price front, input costs continued to rise sharply, although cost inflation eased for a second month in a row to its lowest level since March. Output charges increased at the weakest pace since February. Finally, business confidence fell to its lowest level since March 2020 and, excluding the pandemic period, to the weakest point since the survey began, reflecting mounting concerns about the economic outlook.