Austrália PMI Composto

The Judo Bank Australia Composite Output Index rose to 52.4 in March 2024 from 52.1 in the previous month, flash data showed. Australia’s private sector activity expanded for a second consecutive month and at the quickest pace since April 2023 due to expansion in the service sector. New business in the service sector grew due to increased queries and improved demand conditions, while new orders for goods remained subdued due to high interest rates and soft economic conditions. Australian private sector firms expanded their workforce capacity to support ongoing operations, although the rate of growth slowed to the softest since last July, with manufacturing headcounts declining again and at a quicker pace. Cost pressures eased in both manufacturing and services, leading to lower selling price inflation in March. The rate of input cost inflation was the lowest since August 2021 but remained above the series average.