Australia S&P Global July final services PMI 54.1 (prior 51.8) | investingLive

Australia S&P Global July final services PMI comes in at a much improved 54.1

• June was 51.8

Composite 53.8

• June was 51.6

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Australia’s services sector saw stronger growth in July, marking a solid start to the second half of 2025, according to S&P Global. New business rose sharply, and export demand stabilised after four months of declines. The pickup in activity also led to faster job creation.

While the current data shows a positive picture, the Future Activity Index points to weaker confidence about the outlook, suggesting businesses are more cautious about the months ahead.

Inflationary pressures intensified, with both input costs and output prices rising in July. Despite this, S&P Global Market Intelligence still expects further interest rate cuts in the remainder of the year.

Overall, the latest PMI data suggests stronger economic momentum, with services growth supported by a rebound in manufacturing.