The services sector in Australia swung sharply into expansion territory in April, the latest survey from S&P Global revealed on Tuesday with a services PMI score of 50.7.
That's up from 46.3 in March and it moves above the boom-or-bust line of 50 that separates expansion from contraction.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.