The services sector in Australia continued to expand in July, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a services PMI score of 54.1.
That's up from 53.8 in June and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Central to the latest acceleration in business activity growth was a sharp rise in new work. Incoming new business expanded at the fastest pace since April 2022, as survey panelists reported stronger demand and wider customer bases. Sub-sector data showed the real estate & business services sector led growth in both activity and new sales for a second successive month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.