Australia's composite PMI was revised up to 50.4 in June 2026 from the flash estimate of 49.8, rebounding from May's 48.7 to signal a marginal expansion in private-sector business activity.
The upturn was driven by the services sector, while manufacturing output continued to decline, though at a slower pace.
Higher staffing levels helped firms increase output despite a further decline in new orders, suggesting businesses relied on existing capacity and backlogs to sustain activity.
On the price front, input cost inflation remained elevated but eased from the previous month, indicating some moderation in cost pressures.
At the same time, output price inflation slowed sharply, with selling prices rising at the weakest pace since January, pointing to softer pricing power amid subdued demand.
Looking ahead, confidence deteriorated for a second consecutive month, falling to its lowest level since November 2023 as firms remained cautious over the economic outlook and future demand.