Australia’s S&P Global Flash Composite PMI was revised higher to 51.3 in September 2026 from a preliminary estimate of 50.8, but remained below the final reading of 52.7 in August. However, it still marked the lowest reading since June. The latest result marked the fourth straight month of expansion in private-sector activity, with the services sector continuing to grow, though at its slowest pace in three months. Meanwhile, manufacturing output contraction deepened, with a renewed fall in new goods orders. Rising services new business, meanwhile, kept overall new orders in expansion, but total export business declined due to a drop in manufacturing export orders. Employment also resumed growth in September. On the price front, output cost inflation accelerated, with input and output cost pressures intensifying in the services sector, while easing in manufacturing activity but remaining elevated by historical standards. Finally, business sentiment weakened to a three-month low.