20.08.202523:00:00UTC+00Australia's Judo Bank Services PMI Rises in August, Signaling Continued Economic Growth

In a promising sign of economic confidence, Australia's Judo Bank Services Purchasing Managers' Index (PMI) rose to 55.1 in August, up from 54.1 in July 2025. The updated figures, released on August 20, 2025, suggest a strengthening service sector, which has been a key driver for the nation’s economic resilience.

The increase in the PMI, an indicator of economic health in the service sector, underscores optimism as businesses navigate ongoing challenges. A PMI reading above 50 typically denotes expansion in the service sector, indicating heightened business activity and new orders. Australia’s economy appears to be maintaining positive momentum, continuing to recover and stabilize amidst global uncertainties.

Analysts view this upward trend as a reflection of consumer confidence and robust business conditions within the service industry. As the Australian economy leans on its service sector for sustained growth, this rise could signal favorable conditions for investment and employment growth in the coming months.