The Commonwealth Bank of Australia Services PMI dropped to 49.1 in August 2019 from 52.3 in the prior month, slightly below a preliminary reading and market expectations of 49.2, final data showed. The reading pointed to the first contraction in services activity since March, as new orders increased at the softest pace in four months amid weak domestic and foreign demand. Also, new export sales advanced at the slowest rate in over two years and the accumulation in the level of unfinished work slowed. Meanwhile, following a decline in July, companies raised staff numbers in August, mainly driven by an increase in operational requirements. On the price front, input cost inflation eased while output prices advanced at the fastest pace since March. Finally, sentiment improved as confidence rose to the highest level in seven months amid optimism regarding planned market expansions, new product launches, marketing activities, and an expected improvement in consumer confidence. Services Sentiment in Australia is reported by Markit Economics.

Australia Commonwealth Bank Services PMI
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Calendar GMT Actual Previous Consensus TEForecast
2019-07-23 11:00 PM CommBank Australia Services PMI Flash Jul 51.9 52.6 53
2019-08-04 11:00 PM CommBank Australia Services PMI Final Jul 52.3 52.6 51.9 51.9
2019-08-21 11:00 PM CommBank Australia Services PMI Flash Aug 49.2 52.3 51.8
2019-09-03 11:00 PM CommBank Australia Services PMI Final Aug 49.1 52.3 49.2 49.2
2019-09-22 11:00 PM CommBank Australia Services PMI Flash Sep 49.1 49.7
2019-10-02 11:00 PM CommBank Australia Services PMI Final Sep 49.1 49.7
2019-10-23 10:00 PM CommBank Australia Services PMI Flash Oct


Australia Business Last Previous Highest Lowest Unit
Business Confidence 1.00 4.00 21.00 -30.00 Index Points [+]
Services PMI 51.40 43.90 63.00 32.50 Index Points [+]
Manufacturing PMI 53.10 51.30 62.50 29.47 [+]
Industrial Production 1.90 1.30 12.60 -7.60 percent [+]
Industrial Production Mom 1.20 0.70 5.20 -7.10 percent [+]
Manufacturing Production -3.10 -1.70 8.60 -11.80 percent [+]
Capacity Utilization 82.04 80.89 84.62 78.24 percent [+]
New Orders 36.00 22.00 49.00 -37.00 Index Points [+]
Changes in Inventories -1982.00 559.00 4159.00 -3848.00 AUD Million [+]
Bankruptcies 846.00 708.00 1123.00 217.00 Companies [+]
Corporate Profits 98026.00 93796.00 98026.00 12032.00 AUD Million [+]
Total Vehicle Sales 85633.00 83184.00 130300.00 48099.00 [+]
Car Registrations 14330.43 14078.57 14330.43 3990.94 Thousand [+]
Leading Economic Index 0.10 -0.07 0.54 -1.10 percent [+]
Small Business Sentiment 0.84 -4.92 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 50.90 51.60 57.20 50.90 Index Points [+]
Private Investment -0.50 -1.30 15.70 -8.60 percent [+]
Mining Production 6.50 3.80 25.20 -16.90 percent [+]
Steel Production 428.70 475.78 819.00 238.00 Thousand Tonnes [+]
Services Sentiment 49.10 52.30 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 49.30 52.10 58.30 49.10 Index Points [+]
Business Inventories -0.90 0.80 2.80 -2.80 percent [+]
Ease of Doing Business 18.00 14.00 18.00 9.00 [+]


Australia Commonwealth Bank Services PMI

The Commonwealth Bank Services PMI is based on data compiled from monthly replies to questionnaires sent to a representative panel of purchasing executives in over 400 private sector services firms in Australia. The panel is stratified by GDP and company workforce size. The services sector is divided into the following five broad categories: Transport & Storage, Consumer Services, Information & Communication, Finance & Insurance and Real Estate & Business Services. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides - Australia Commonwealth Bank Services PMI- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Commonwealth Bank Services PMI - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
49.10 52.30 58.40 48.70 2016 - 2019 Index Points Monthly
SA




Country Last Previous
Australia 49.10 Aug/19
Euro Area 9.30 Aug/19
Singapore 2.00 Jun/19


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