Financial News: Australia Services PMI Improves To 50.8

Australia Services PMI Improves To 50.8 - S%P Global

01/05/2025 - 18:55:00 (RTTNews)

(RTTNews) - The services sector in Australia continued to expand in December, and at a faster rate, the latest survey from S&P Global revealed on Monday with a services PMI score of 50.8.

That's up from 50.5 in November, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Optimism improved, rising to the highest level in just over two-and-a-half years. That said, employment fell for the first time since August 2021 as capacity pressure softened. Finally, input cost inflation intensified at the end of 2024, leading to a more pronounced rise in average charges.

The rate of input cost inflation was also the highest in three months and fractionally below the series average. Likewise output charges rose at a faster pace that was just below the long-run average as Australian service providers opted to share additional cost burdens with clients wherever possible.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Cyprus December Unemployment Falls (01 hr(s), 13 min(s), 05 sec(s) ago)
(RTTNews) - Joblessness in Cyprus declined at the end of the year 2024, preliminary figures from t ...Full Story»

U.S. Job Openings Unexpectedly Increase In November (01 hr(s), 42 min(s), 05 sec(s) ago)
(RTTNews) - Job openings in the U.S. unexpectedly increased in the month of November, according to ...Full Story»

U.S. Services Index Rises More Than Expected In December (01 hr(s), 51 min(s), 05 sec(s) ago)
(RTTNews) - The Institute for Supply Management released a report on Tuesday showing its reading o ...Full Story»

U.S. Trade Deficit Widens In November As Imports Rebound More Than Exports (02 hr(s), 23 min(s), 05 sec(s) ago)
(RTTNews) - With imports rebounding by more than exports, the Commerce Department released a repor ...Full Story»

Brazil Producer Prices Continue To Rise (03 hr(s), 16 min(s), 05 sec(s) ago)
(RTTNews) - Brazil's producer prices increased for the tenth straight month in November, figur ...Full Story»

Croatia December Inflation At 8-Month High (03 hr(s), 30 min(s), 05 sec(s) ago)
(RTTNews) - Consumer price inflation in Croatia accelerated for a third straight month in December ...Full Story»

Eurozone Consumers' Inflation Expectations Rise: ECB Survey (03 hr(s), 33 min(s), 05 sec(s) ago)
(RTTNews) - Inflation expectations among euro area consumers increased slightly in November, the l ...Full Story»

U.S. Trade Deficit Widens Roughly In Line With Estimates In November (03 hr(s), 36 min(s), 05 sec(s) ago)
(RTTNews) - With imports surging by more than exports, the Commerce Department released a report o ...Full Story»

Financial News: Australia Services PMI Improves To 50.8 - S%P

Australia Services PMI Improves To 50.8 - S%P Global

RECENT INTERNATIONAL FINANCIAL NEWS

INTERNATIONAL FINANCIAL NEWS

Cyprus December Unemployment Falls

U.S. Job Openings Unexpectedly Increase In November

U.S. Services Index Rises More Than Expected In December

U.S. Trade Deficit Widens In November As Imports Rebound More Than Exports

Brazil Producer Prices Continue To Rise