Australian Markit Services PMI for April 56.1 (before 56.6) and composite 55.9 (before 56.2)

Report Commentary:

  • “Australia’s services sector continued to grow strongly in April, according to the S&P Global Australia Services PMI, following the easing of COVID-19-related disruptions at the start of the second quarter. The pace of growth picked up while that the easing of border restrictions has also allowed a strong increase in foreign demand.
  • “Meanwhile, pricing pressures continued to trickle down from goods to services, leading to record input price inflation and a sharp rise in output prices in Australia’s services sector. This continued to impact business sentiment and will be watched for the potential to hamper growth following the unleashing of pent-up demand.


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