The IHS Markit Australia Services PMI increased to 54.9 in November of 2020 from 53.7 in the previous month, a flash estimate showed. It was the highest reading in four months and the third consecutive expansion in the services sector, as the continued rise in production contributed to a renewed growth in employment. On the price front, input costs rose at the fastest pace in over two years, and, consequently, output charges increased for the first time in three months. source: Markit Economics
Services Sentiment in Australia averaged 51.78 points from 2016 until 2020, reaching an all time high of 58.40 points in March of 2017 and a record low of 19.50 points in April of 2020. This page provides - Australia Commonwealth Bank Services PMI- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Markit Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Services Sentiment in Australia is expected to be 54.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services Sentiment in Australia to stand at 54.30 in 12 months time. In the long-term, the Australia Markit Services PMI is projected to trend around 54.50 points in 2021 and 53.50 points in 2022, according to our econometric models.