The Australian Industry Group Australian Performance of Services Index rose by 1.4 points to 54.3 over the December 2020-January 2021 period, indicating a further improvement in conditions following the COVID-19 recession of 2020. source: Australian Industry Group
Services PMI in Australia averaged 49.79 points from 2003 until 2021, reaching an all time high of 63 points in June of 2018 and a record low of 27.10 points in April of 2020. This page provides the latest reported value for - Australia Performance Services Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Performance Services Index - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Services PMI in Australia is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in Australia to stand at 50.50 in 12 months time. In the long-term, the Australia Performance Services Index is projected to trend around 50.50 points in 2022 and 53.00 points in 2023, according to our econometric models.