Australia’s private sector activity strengthened in July, with the S&P Global Manufacturing & Services PMI (Composite PMI) rising to 53.20 from 50.40 previously, on a month-over-month basis. The July reading, updated on 4 August 2026, signals a faster pace of expansion in business activity compared with the prior month, when growth had been close to the neutral 50.0 threshold.
The move from 50.40 to 53.20 indicates a broad-based improvement across manufacturing and services, suggesting healthier demand conditions and a more upbeat operating environment. While the previous month’s reading reflected only marginal growth versus the month before it, the latest figure points to a more decisive pickup in Australia’s private sector momentum over the comparison period.