Australia August services PMI 55.8 (composite 55.5) ...Middle East

August services PMI 55.8, fastest increase in more than 3 years

prior 54.1

prior 53.8

Comments from S&P, in brief:

Services sector growth: Accelerated in mid-Q3 2025. Domestic demand: Stayed strong in August. External demand: Showed a clear recovery. Future outlook: The Future Activity Index pointed to stronger near-term services growth. Jobs: Employment growth picked up in August. Prices: Input costs and output charge inflation remain high but eased since July. Composite PMI: Both manufacturing and services showed broad-based strength in August. GDP outlook: Data supports expectations for positive Q3 GDP growth.

Earlier this week:

Australian S&P Global Manufacturing PMI (August) 53.0, its highest since September 2022

This article was written by Eamonn Sheridan at investinglive.com.

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