Australian Economy

Aussie private sector output winds down

Leith van Onselen
Tuesday 16 December 2025
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The S&P Global Flash Australia PMI was released, reporting the “softest expansion in private sector output in seven months” in December:

Composite PMI

The key points are as follows:

  • Flash Australia Composite PMI Output Index: 51.1 (Nov: 52.6)
  • Flash Australia Services PMI Business Activity Index: 51.0 (Nov: 52.8)
  • Flash Australia Manufacturing PMI: 52.2 (Nov: 51.6)
  • Flash Australia Manufacturing PMI Output Index: 51.2 (Nov: 51.4)

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.