Market Analysis: Increasing Evidence of Australia's Economy Generally on the Rise

Evidence of a widespread economic upturn in Australia continues to grow. The seasonally adjusted S&P Global Australia Composite Output Purchasing Managers' Index rose to 52.6 in November, up from the final reading of 52.1 in October. This data, along with optimistic business surveys, rising consumer sentiment, declining unemployment rates, and the booming real estate market, adds further evidence of positive signs. The country's economy is finishing 2026 with strong momentum, and the Reserve Bank of Australia may be reconsidering further interest rate cuts.