The S&P Global Australia Composite PMI posted 52.6 in November, up from 52.1 in October, signaling continuous monthly growth for just over a year, with November’s expansion the fastest since August. Growth in new business accelerated, with new export orders rebounding after earlier weakness, while companies continued hiring albeit at a softer pace; staffing levels rose and helped reduce outstanding work, with job creation the softest in ten months. Staffing levels increased despite the stronger activity growth, reflecting sustained demand for services. Business confidence was little changed from October as firms remained cautiously optimistic amid uncertain market conditions. Output charges increased modestly while input cost inflation intensified slightly, putting some pressure on margins. Overall, the data indicated that Australia’s services sector continued to expand, with the composite pointing to a quicker pace of growth in November.