Australian Economy

Aussie flash PMI stuck in a jobs rut

David Llewellyn-Smith
Friday 24 October 2025
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The pent-up demand boost is gone, but there’s modest growth.

  • Flash Australia Composite PMI Output Index: 52.6 Index, sa, >50 = growth m/m % qr/qr (Sep: 52.4)
  • Flash Australia Services PMI Business Activity Index: 53.1 (Sep: 52.4)
  • Flash Australia Manufacturing PMI: 49.7 (Sep: 51.4)
  • Flash Australia Manufacturing PMI Output Index: 49.7 (Sep: 52.4)

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.