The Aussie flash PMI is pancaked.
Flash Australia PMI Composite Output Index(1): 50.3 (Dec:50.2). 5-month high.
Flash Australia Services PMI Business Activity Index(2):50.4 (Dec: 50.8). 6-month low.
Flash Australia Manufacturing Output Index(3): 50.0 (Dec:45.8). 26-month high.
Flash Australia Manufacturing PMI(4): 49.8 (Dec: 47.8). 12-month high.
Data were collected 09-22 January 2025.
Business activity in Australia’s private sector rose marginally at the start of 2025, underpinned by rising services activity while manufacturing output stabilised.
Growth in activity was supported by higher new business, although export orders continued to fall in January.
A lack of capacity pressure meanwhile led to employment falling for a second successive month.
Business optimism also eased slightly at the start of the year.
Cut the rates in February.
