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Australia's PMIs Signal Growth Amid Global Manufacturing Shift

2/5/2025

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Summary

Story summary

Australia's January Services PMI climbed to 51.2, reflecting growth in the service sector and boosted business confidence.
The Global Manufacturing PMI rose to 50.1, showing the first expansion in seven months, driven by India and the US, while the euro area and UK contracted.
Australia's Manufacturing PMI hit 50.2, indicating slight production growth after a year of decline, despite cost pressures and lower export orders.

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Story summary

Australia's January Services PMI climbed to 51.2, reflecting growth in the service sector and boosted business confidence.
The Global Manufacturing PMI rose to 50.1, showing the first expansion in seven months, driven by India and the US, while the euro area and UK contracted.
Australia's Manufacturing PMI hit 50.2, indicating slight production growth after a year of decline, despite cost pressures and lower export orders.