Financial News: Australia Services PMI Improves To 50.5

Australia Services PMI Improves To 50.5 - S&P Global

07/02/2026 - 19:10:00 (RTTNews)

(RTTNews) - The services sector in Australia moved into expansion territory in June, the latest survey from S&P Global revealed on Friday with a services PMI score of 50.5.

That's up from 48.7 in May and it moves above the boom-or-bust line of 50 that separates expansion from contraction.

Some companies reported that rising staffing levels had helped them to expand business activity at the midway point of the year, and this was borne out by data on employment which showed renewed job creation during the month. Staffing levels rose for the 17th time in the past 18 months, albeit modestly. In some cases, new staff had been hired in anticipation of new projects.

The survey also showed that the composite index improved to 50.4 in June from 48.7 in May.

Higher staffing levels helped companies to expand output, with growth recorded despite a further reduction in new orders. Input costs continued to rise sharply, albeit with the rate of inflation softening from May. Meanwhile, the latest increase in selling prices was much weaker than seen in the previous month and the slowest since January.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Australia Services PMI Improves To 50.5 - S&P Global (01 hr(s), 31 min(s), 22 sec(s) ago)
(RTTNews) - The services sector in Australia moved into expansion territory in June, the latest su ...Full Story»

China Services PMI Data Due On Friday (02 hr(s), 39 min(s), 22 sec(s) ago)
(RTTNews) - China will on Friday see June results for the services PMI from Caixin, highlighting a ...Full Story»

U.S. Factory Orders Pull Back Less Than Expected In May (09 hr(s), 35 min(s), 22 sec(s) ago)
(RTTNews) - Reflecting a sharp pullback in new orders for durable goods, the Commerce Department r ...Full Story»

U.S. Jobless Claims Unexpectedly Edge Down To 215,000 (09 hr(s), 52 min(s), 22 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in ...Full Story»

U.S. Job Growth Misses Estimates In June But Unemployment Rate Edges Lower (10 hr(s), 08 min(s), 22 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing employment in the U.S. incr ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Edge Down Slightly (11 hr(s), 56 min(s), 22 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in ...Full Story»

U.S. Employment Rises Much Less Than Expected In June (12 hr(s), 03 min(s), 22 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing employment in the U.S. incr ...Full Story»

Cyprus Inflation Climbs To 32-month High (12 hr(s), 50 min(s), 22 sec(s) ago)
(RTTNews) - Cyprus' consumer price inflation accelerated in June to the highest level in more ...Full Story»

Financial News: Australia Services PMI Improves To 50.5 - S&P

Australia Services PMI Improves To 50.5 - S&P Global

RECENT INTERNATIONAL FINANCIAL NEWS

INTERNATIONAL FINANCIAL NEWS

Australia Services PMI Improves To 50.5 - S&P Global

China Services PMI Data Due On Friday

U.S. Factory Orders Pull Back Less Than Expected In May

U.S. Jobless Claims Unexpectedly Edge Down To 215,000

U.S. Job Growth Misses Estimates In June But Unemployment Rate Edges Lower