FX.co ★ Australia’s Private Sector Edges Back to Expansion as S&P Global Composite PMI Rises Above 50

Australia’s private sector activity showed signs of renewed momentum in June, as the S&P Global Manufacturing & Services PMI ticked back into expansionary territory. The composite index rose to 50.40 in June 2026, up from 48.70 previously, according to data updated on 2 July 2026.

On a month-over-month comparison, the improvement marks a shift from contraction to slight growth in overall business activity, with the PMI moving above the 50-point threshold that separates expansion from contraction. The previous reading of 48.70 had indicated a soft patch in output and demand.

The latest data suggest that both manufacturing and services contributed to stabilisation, hinting at a tentative recovery in Australia’s private sector conditions as the second half of 2026 approaches. Investors and policymakers will now watch upcoming releases closely to gauge whether June’s rebound can be sustained in the months ahead.