The Commonwealth Bank of Australia Composite PMI was revised lower to 52.5 in June 2019 from a preliminary reading of 53.1 but above May's reading of 51.5, final figures showed. The latest reading pointed to the strongest expansion in the private sector in six months, as both services (PMI at 52.6 from 51.5) and manufacturing activity (PMI at 52 from 51) increased. New orders rose at the fastest pace since November last year, boosted by foreign demand. Meantime, employment rose or a second month running, but the rate of job creation moderated and was only marginal overall. On the price front, inflationary pressures intensified further in June. The rate of cost inflation rose for a second straight month and at the sharpest pace since November 2018. Finally, business expectations for year-ahead output hit a 5-month high, amid optimism linked to greater productivity, increased political stability, new marketing activity, higher sales forecasts and improved climatic conditions outlook. Composite Pmi in Australia is reported by Markit Economics.

Composite Pmi in Australia is expected to be 53.10 Index 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 54.50 in 12 months time. In the long-term, the Australia Commonwealth Bank Composite PMI is projected to trend around 56.50 Index Points in 2020, according to our econometric models.

Australia Commonwealth Bank Composite PMI
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Australia Business Last Previous Highest Lowest Unit
Business Confidence 2.00 7.00 21.00 -30.00 Index Points [+]
Services PMI 52.20 52.50 63.00 32.50 Index Points [+]
Manufacturing PMI 49.43 52.72 62.50 29.47 [+]
Industrial Production 1.20 3.00 12.60 -7.60 percent [+]
Industrial Production Mom 0.50 0.30 5.20 -7.10 percent [+]
Manufacturing Production -1.30 -0.50 8.60 -11.80 percent [+]
Capacity Utilization 82.06 80.88 84.62 78.24 percent [+]
New Orders 36.00 22.00 49.00 -37.00 Index Points [+]
Changes in Inventories 460.00 1048.00 4159.00 -3848.00 AUD Million [+]
Bankruptcies 772.00 615.00 1123.00 217.00 Companies [+]
Corporate Profits 93026.00 91428.00 93026.00 12032.00 AUD Million [+]
Total Vehicle Sales 117817.00 92561.00 130300.00 48099.00 [+]
Car Registrations 14330.43 14078.57 14330.43 3990.94 Thousand [+]
Leading Economic Index -0.10 -0.08 0.54 -1.10 percent [+]
Small Business Sentiment -4.92 -1.60 18.55 -21.17 [+]
Internet Speed 11063.10 10098.33 11063.10 1922.87 KBps [+]
IP Addresses 9859878.00 9310525.00 13859005.00 5227461.00 IP [+]
Industrial Sentiment 52.00 51.00 57.20 50.90 Index Points [+]
Private Investment -1.70 1.30 15.60 -8.60 percent [+]
Mining Production 3.20 6.80 25.20 -16.90 percent [+]
Steel Production 493.54 472.14 819.00 238.00 Thousand Tonnes [+]
Services Sentiment 52.60 51.50 58.40 48.70 Index Points [+]
Corruption Index 77.00 77.00 88.60 77.00 Points [+]
Corruption Rank 13.00 13.00 13.00 7.00 [+]
Competitiveness Index 78.85 78.17 78.85 5.08 Points [+]
Competitiveness Rank 14.00 15.00 22.00 14.00 [+]
Composite Pmi 52.50 51.50 58.30 49.10 Index Points [+]
Business Inventories 0.70 0.00 2.80 -2.80 percent [+]
Ease of Doing Business 18.00 14.00 18.00 9.00 [+]


Australia Commonwealth Bank Composite PMI

In Australia, the Commonwealth Bank of 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. . This page provides - Australia Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Commonwealth Bank Composite PMI - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.50 51.50 58.30 49.10 2016 - 2019 Index Points Monthly
SA




Country Last Previous
Australia 52.50 Jun/19
Brazil 49.00 Jun/19
China 50.60 Jun/19
Euro Area 52.20 Jun/19
France 52.70 Jun/19
Germany 52.60 Jun/19
India 50.80 Jun/19
Italy 50.10 Jun/19
Japan 50.80 Jun/19
Russia 49.20 Jun/19
Singapore 50.60 Jun/19
South Africa 49.70 Jun/19
United Kingdom 49.70 Jun/19
United States 51.50 Jun/19


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