Standard & Poor's Global announced that, after seasonal adjustment, australia's November S&P manufacturing PMI preliminary value rose from the previous 47.3 to 49.4, reaching a six-month high. The manufacturing output index for the same month rose from the previous 44.7 to 47.9, also reaching a six-month high.

In the same month, australia's services PMI preliminary value decreased from the previous 51 to 49.6, entering a contraction phase and hitting a ten-month low. Australia's October composite PMI preliminary value decreased from the previous 50.2 to 49.4, entering a contraction phase and hitting a ten-month low.

During the period, australian private enterprises only slightly increased hiring, with significant idle capacity. External demand is weak, and new business growth is slowing. Despite the weakening operating environment, private enterprises' business confidence rose to a 15-month high.