The S&P Global Flash Australia Composite PMI rose to 51.2 in June 2025 from 50.5 in May, marking the ninth consecutive month of private sector growth and the second-fastest pace in the past ten months. The expansion was supported by stronger new business inflows, though export orders declined sharply. Business sentiment improved midway through the year, and employment levels continued to rise. On the price front, both input cost and output price inflation eased in June. Notably, the rate of output price inflation fell to its lowest level in over four-and-a-half years, suggesting a cooling of price pressures as the second quarter ended. Jingyi Pan, Economics Associate Director, said: “Early S&P Global Flash Australia PMI data revealed that business activity growth accelerated in June, buoyed not only by faster services activity expansion but also a renewed rise in manufacturing production. Forward-looking indicators reveal that further expansions in output are expected.”