The Markit Australia Composite PMI was confirmed at 52.1 in October of 2021 the highest level in the past four months, and rebounding from 46 a month earlier. This marks the first expansion of the private sector since June, prior to when the Australian economy was hard hit by the latest COVID-19 Delta wave. Survey respondents reported that the easing of COVID-19 restrictions enabled a marked improvement in demand and activity which translated to sustained employment growth. At the same time, the export business rose for the first time in four months. Meanwhile, the level of outstanding business increased in October, amid higher demand and supply issues, as well as labor constraints. Price pressures also continued to intensify, with both input inflation and output charges hitting record levels. Finally, business sentiment was solid as confidence improved to the strongest since February. source: Markit Economics

Composite PMI in Australia averaged 52.19 points from 2016 until 2021, reaching an all time high of 58.90 points in April of 2021 and a record low of 21.70 points in April of 2020. This page provides - Australia Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Markit Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.

Composite PMI in Australia is expected to be 50.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Markit Composite PMI is projected to trend around 53.70 points in 2022, according to our econometric models.

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Australia Markit Composite PMI


Related Last Previous Unit Reference
Composite PMI 52.10 46.00 points Oct/21
Services Sentiment 51.80 45.50 points Oct/21
Industrial Sentiment 58.20 56.80 points Oct/21

News Stream
Australia Private Sector Rebounds Sharply in October
The Markit Australia Composite PMI was confirmed at 52.1 in October of 2021 the highest level in the past four months, and rebounding from 46 a month earlier. This marks the first expansion of the private sector since June, prior to when the Australian economy was hard hit by the latest COVID-19 Delta wave. Survey respondents reported that the easing of COVID-19 restrictions enabled a marked improvement in demand and activity which translated to sustained employment growth. At the same time, the export business rose for the first time in four months. Meanwhile, the level of outstanding business increased in October, amid higher demand and supply issues, as well as labor constraints. Price pressures also continued to intensify, with both input inflation and output charges hitting record levels. Finally, business sentiment was solid as confidence improved to the strongest since February.
2021-11-02
Australia Private Sector Rebounds in October
The IHS Markit Australia Composite PMI rose to a four-month high of 52.2 in October of 2021 from 46 a month earlier, a flash estimate showed. This marks the first expansion of the private sector since June, prior to when the Australian economy was hard hit by the latest COVID-19 Delta wave. Survey respondents reported that the easing of COVID-19 restrictions enabled a marked improvement in demand and activity which translated to sustained employment growth. At the same time, export business rose for the first time in four months. Meanwhile, the level of outstanding business increased in October, amid higher demand and supply issues, as well as labour constraints. Price pressures also continued to intensify, with both input inflation and output charges hitting record levels. Finally, business sentiment was solid as confidence improved to the strongest since February.
2021-10-21
Australia Composite PMI Above Initial Estimates
The IHS Markit Australia Composite PMI was revised higher to 46.5 in September of 2021 from a preliminary estimate of 46 and compared to August's 43.3. The latest reading pointed to the third straight month of contraction, the rate of decline eased to the slowest in the sequence, however. Demand and output in the manufacturing sector returned to growth following the drop in August while the service sector contracted at a milder rate in September. Expansion of workforce numbers was also seen in September after a brief decline in August with growth of service sector employment levels renewed. Private sector firms remained broadly upbeat with regards to the 12-month outlook for production and business activity. On prices, both input cost and output price inflation accelerated for private sector firms and this was across both manufacturing and service sectors.
2021-10-04

Australia Markit Composite PMI
In Australia, the IHS Markit Australia Composite PMI Output Index is a GDP-weighted average of the Commonwealth Bank Manufacturing Output Index and the Commonwealth Bank Services Business Activity Index. It tracks changes in business activity in the Australian private sector economy as a whole. A reading above 50 indicates expansion in business activity while below 50 points to contraction. .