The Judo Bank Flash Australia Services PMI Business Activity Index rose from 53.1 in February to 54.4 in March and indicated the second consecutive expansion of the services sector and fastest growth since April 2022. However, new export sales declined due to reduced overseas demand, marking the fifth decline in the last six months. Input prices continue to rise due to higher material, fuel and wage costs, but at a slightly slower rate indicating ongoing price pressures.

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The Judo Bank Flash Australia Services PMI Business Activity Index rose from 53.1 in February to 54.4 in March and indicated the second consecutive expansion of the services sector and fastest growth since April 2022. However, new export sales declined due to reduced overseas demand, marking the fifth decline in the last six months. Input prices continue to rise due to higher material, fuel and wage costs, but at a slightly slower rate indicating ongoing price pressures.

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