Australia’s April PMIs confirm private sector growth expansion

S&P Global’s latest PMI data confirms Australia’s private sector returned to growth in April 2026, with Manufacturing PMI at 51.0 (up from March’s 49.8) and Services Business Activity at 50.3. Preliminary readings on April 22 already signaled the rebound, showing composite PMI at 50.1 (from 46.6), Manufacturing at 51.0 (from 49.8), and Services at 50.3 (from 46.3)—all crossing back above the 50 expansion threshold. This solidifies improved economic momentum into Q2, supporting Australia 200 equities and reducing downside risks to growth outlooks.