The AIG Performance of Services Index in Australia rose to 52.5 in May 2019 from 46.5 in April. The latest reading pointed to the first expansion in the services activity in 2019, as new orders (+11 points to 55.6); employment (+6.2 points to 52.2); supplier deliveries (+10.2 points to 55.3) and finished stocks (+2.4 points to 51.8) returned to growth. Meanwhile, sales edged down 0.3 points to 48.4. On the price front, selling prices advanced 5.6 points to 47.7, still it remained in contraction territory, whereas input prices went up 1.4 points to 59.4. By industries, both communications (+0.2 to 34.9 points) and transport & storage (-1.5 to 39.9 points) kept shrinking. In contrast, hospitality booked the highest gain (+4.1 to 60.1). Services PMI in Australia averaged 50.21 Index Points from 2003 until 2019, reaching an all time high of 63 Index Points in June of 2018 and a record low of 32.50 Index Points in February of 2009.

Services PMI in Australia is expected to be 53.00 Index 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 51.60 in 12 months time. In the long-term, the Australia Performance Services Index is projected to trend around 53.00 Index Points in 2020, according to our econometric models.

Australia Performance Services Index
width
height
 Preview
Forecast Data Chart
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us

Australia Business Last Previous Highest Lowest Unit
Business Confidence 7.00 0.00 21.00 -30.00 Index Points [+]
Manufacturing PMI 52.70 54.80 62.50 29.47 [+]
Services PMI 52.50 46.50 63.00 32.50 Index Points [+]
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 80.88 81.12 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 615.00 718.00 1123.00 217.00 Companies [+]
Corporate Profits 93026.00 91428.00 93026.00 12032.00 AUD Million [+]
Total Vehicle Sales 75550.00 99442.00 130300.00 48099.00 [+]
Car Registrations 14330.43 14078.57 14330.43 3990.94 Thousand [+]
Leading Economic Index -0.08 -0.05 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 [+]
Private Investment -1.70 1.30 15.60 -8.60 percent [+]
Mining Production 3.20 6.80 25.20 -16.90 percent [+]
Steel Production 472.14 424.24 819.00 238.00 Thousand Tonnes [+]
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 53.10 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 Performance Services Index

The Australian Industry Group Australian Performance of Services Index (Australian PSI®) is a leading indicator of services activity in the Australian economy. The Australian PSI is a seasonally adjusted national composite index based on the diffusion indices for sales, orders/new business, deliveries, inventories and employment with varying weights. An Australian PSI® reading above 50 points indicates that services activity is generally expanding; below 50, that it is declining. The distance from 50 is indicative of the strength of the expansion or decline. Results are based on a sample of around 200 companies each month. 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 - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.50 46.50 63.00 32.50 2003 - 2019 Index Points Monthly
SA




Country Last Previous
Australia 52.50 May/19
Brazil 47.80 May/19
China 52.70 May/19
Euro Area 53.40 Jun/19
France 53.10 Jun/19
Germany 55.60 Jun/19
India 50.20 May/19
Italy 50.00 May/19
Japan 51.70 May/19
Russia 52.00 May/19
Spain 52.80 May/19
United Kingdom 51.00 May/19
United States 50.70 Jun/19


Related
Latest