FX.co ★ Australia Services Growth at 3-Month Low

The S&P Global Australia Services PMI Business Activity Index eased to 51.4 in September 2026 from 53.2 in August, according to preliminary estimates. While this marked a fourth consecutive month of expansion in the services sector, it was the weakest pace of growth since June and the second month in a row of moderating activity, reflecting softer demand conditions. Employment fell for the first time in four months. On the pricing front, both input and output cost inflation remained elevated, driven largely by higher energy and fuel prices linked to the conflict in the Middle East. Looking ahead, business confidence deteriorated.