Financial News: Australia Services PMI Climbs To 56.3 In January

Australia Services PMI Climbs To 56.3 In January - S&P Global

02/03/2026 - 17:12:00 (RTTNews)

(RTTNews) - The services sector in Australia continued to expand in January, and at a faster pace, the latest survey from S&P Global revealed on Wednesday with a services PMI score of 56.3.

That's up from 51.1 in December and beat last month's flash estimate of 56.0. It also moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Central to the latest acceleration in services activity growth was stronger new business inflows in January. Growth in new orders accelerated for a third consecutive month to the fastest since April 2022 amid successful business development efforts and a widening of customer bases, according to services firms. Overseas demand also improved, with companies making successful attempts to promote their services in new markets.

The survey also showed that the composite index jumped to 55.7 - up from 51.0 in December and from 55.5 in the estimate.

New orders similarly rose at the fastest pace since April 2022. To cope with increasing new work inflows and outstanding workloads, companies lifted their staffing levels at a solid pace in January. Business confidence fell to the lowest level since October 2024, however.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

New Zealand Unemployment Data Due On Wednesday (57 min(s), 02 sec(s) ago)
(RTTNews) - New Zealand will on Wednesday see Q4 numbers for unemployment, highlighting a light da ...Full Story»

New Zealand Q4 Jobless Rate Ticks Up To 5.4% (01 hr(s), 07 min(s), 02 sec(s) ago)
(RTTNews) - The unemployment rate in New Zealand came in at a seasonally adjusted 5.4 percent in t ...Full Story»

Australia Services PMI Climbs To 56.3 In January - S&P Global (01 hr(s), 16 min(s), 02 sec(s) ago)
(RTTNews) - The services sector in Australia continued to expand in January, and at a faster pace, ...Full Story»

French Inflation Eases More Than Expected (11 hr(s), 43 min(s), 02 sec(s) ago)
(RTTNews) - France's inflation eased more than expected in January, preliminary data from the ...Full Story»

Hong Kong Retail Sales Rise In December (12 hr(s), 25 min(s), 02 sec(s) ago)
(RTTNews) - Hong Kong retail sales value increased in December, driven by higher sales of jewelry ...Full Story»

Romania Producer Price Inflation Rises To 6.0% (13 hr(s), 29 min(s), 02 sec(s) ago)
(RTTNews) - Romania's producer price inflation accelerated in December after easing in the pre ...Full Story»

Eurozone Banks Tighten Lending Standards For Firms, Demand Rises (13 hr(s), 50 min(s), 02 sec(s) ago)
(RTTNews) - Eurozone banks tightened credit standards for firms in the fourth quarter, citing high ...Full Story»

Turkey Inflation Eases To 30.65%, Lowest In 50 Months (14 hr(s), 14 min(s), 02 sec(s) ago)
(RTTNews) - Turkey's consumer price inflation eased further in January to the lowest level in ...Full Story»