The IHS Markit Australia Composite PMI decreased to 54.4 in February 2021, down from 55.9 in the previous month amid signs of emerging pressure on capacity, preliminary data showed. On the bright side, employment rose to the highest extent since October 2018. On the price front, sharp inflationary pressures were signaled, with input costs increasing at the quickest rate in nearly five years of data collection and selling price inflation at a 28-month high. Looking ahead, business confidence improved to a two-and-a-half year high on the back of hopes that the coronavirus disease 2019 (COVID-19) pandemic will come to an end, leading to further expansions in activity. source: Markit Economics
Composite PMI in Australia averaged 52.24 points from 2016 until 2021, reaching an all time high of 58.30 points in March of 2017 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 February of 2021.
Composite PMI in Australia is expected to be 54.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in Australia to stand at 54.30 in 12 months time. In the long-term, the Australia Markit Composite PMI is projected to trend around 53.70 points in 2022, according to our econometric models.