Financial News: Australia Services PMI Jumps To 50.7 In April

Australia Services PMI Jumps To 50.7 In April - S&P Global

05/04/2026 - 22:08:00 (RTTNews)

(RTTNews) - The services sector in Australia swung sharply into expansion territory in April, the latest survey from S&P Global revealed on Tuesday with a services PMI score of 50.7.

That's up from 46.3 in March and it moves above the boom-or-bust line of 50 that separates expansion from contraction.

Sustained job creation helped companies to expand their business activity, however, which returned to growth following a fall in March. Meanwhile, business confidence was unchanged from the previous month, remaining relatively muted by historical standards.

The survey also showed that the composite index climbed to 50.4 in April from 46.6 in March.

The increase in output reflected growth in services business activity, while manufacturing production continued to fall. Although output increased in April, new orders fell further amid steep inflation. Input costs and output prices rose at the fastest rates since July 2022 and August 2022 respectively.

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