S&P Global has released "flash" PMIs for Australia for February. The chart below shows the 5-month centred moving average of the whole-economy PMI.
You can see the sharp plunges during Covid lockdowns in 2020 and 2022. The other fluctuations are due to normal business cycle ebbs and flows.
Provided there isn't a trade war, the Oz economy has started a new upturn.
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