22.06.2025 23:01

Australia's composite Purchasing Managers' Index (PMI) for June surged to 51.2, exceeding the previous month's figure of 50.6, indicating a modest expansion in the country's overall economic activity. This positive growth signals a continuation of the recovery trend observed in recent months.

Specifically, the manufacturing sector PMI registered 51.0, a slight dip from May's 51.7, demonstrating a relatively stable performance. Despite the minor decrease, the sector remained in expansionary territory, contributing to the overall composite PMI's upward trajectory.

Meanwhile, the services sector fueled the overall growth, reporting a PMI of 51.3, up from 50.5 in May. This stronger-than-expected performance in the services sector suggests robust activity in various industries such as retail, hospitality, and tourism. The significant increase underscores the sector's pivotal role in driving the nation's economic progress.

These PMI figures, sourced from internet resources, offer valuable insights into Australia's economic health. The data suggests a resilient economy, with continued growth momentum despite facing various global and domestic challenges. Analysts will keenly observe future PMI releases to gauge the sustainability of this positive trend.