The S&P Global Australia Composite PMI fell to 51.1 in July 2022 from a final reading of 52.6 in June, marking a sixth consecutive month of expansion in the Australian service sector, although at the slowest rate of growth in the current sequence. Similarly, composite demand growth eased to a six-month low, reflecting a slower rise in new orders across Australia's service sector. Interest rate hikes and the rising cost of living dampened overall demand, according to some survey respondents. Total private sector employment expanded in July and was supported by both monitored sectors. That said, the strength of the upturn eased from June amid reports of voluntary leavers and staff shortages. Meanwhile, inflationary pressures remained severe in July, with input cost inflation remaining historically elevated and selling price inflation surging to a fresh record high. Concerns surrounding prices and future demand levels led business sentiment to slip to a 27-month low. source: Markit Economics

Composite PMI in Australia averaged 52.36 points from 2016 until 2022, reaching an all time high of 58.90 points in April of 2021 and a record low of 21.70 points in April of 2020. This page provides - Australia Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Markit Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Composite PMI in Australia is expected to be 54.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Markit Composite PMI is projected to trend around 53.70 points in 2023, according to our econometric models.

Ok
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.

Please Paste this Code in your Website
width
height
Australia Markit Composite PMI



Related Last Previous Unit Reference
Composite PMI 51.10 52.60 points Jul 2022
Services Sentiment 50.90 52.60 points Jul 2022
Industrial Sentiment 55.70 56.20 points Jul 2022

Australia Markit Composite PMI
In Australia, the S&P Global 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. .
Actual Previous Highest Lowest Dates Unit Frequency
51.10 52.60 58.90 21.70 2016 - 2022 points Monthly
SA

News Stream
Australia Composite PMI Eases to 6-Month Low
The S&P Global Australia Composite PMI fell to 51.1 in July 2022 from a final reading of 52.6 in June, marking a sixth consecutive month of expansion in the Australian service sector, although at the slowest rate of growth in the current sequence. Similarly, composite demand growth eased to a six-month low, reflecting a slower rise in new orders across Australia's service sector. Interest rate hikes and the rising cost of living dampened overall demand, according to some survey respondents. Total private sector employment expanded in July and was supported by both monitored sectors. That said, the strength of the upturn eased from June amid reports of voluntary leavers and staff shortages. Meanwhile, inflationary pressures remained severe in July, with input cost inflation remaining historically elevated and selling price inflation surging to a fresh record high. Concerns surrounding prices and future demand levels led business sentiment to slip to a 27-month low.
2022-08-02
Australia Composite PMI Slows to 5-Month Low
The S&P Global Flash Australia Composite PMI declined to 52.6 in June 2022 from a final reading of 52.9 in May, marking the fifth consecutive month of Australian private sector growth, albeit at the slowest pace in the current sequence of expansion. Private sector output and new orders continued to expand at solid rates, leading to a continued expansion in Australia’s private sector workforce. That said, rates of expansion eased since April. Meanwhile, supply constraints persisted, contributing to a further accumulation of backlogged work. Turning to prices, inflationary pressures remained severe and among the highest on record. Overall business confidence remained positive, but eased to the lowest in over two years.
2022-06-22
Australia Composite PMI Slows to 4-Month Low
The S&P Global Australia Flash Composite PMI declined to 52.5 in May 2022 from a final reading of 55.9 in April, marking the 4th consecutive month of expansion for the private sector but at the slowest pace in the current sequence. Private sector output growth eased in May, weighed by a contraction of manufacturing output while services business activity remained in expansion. Although the easing of COVID-19 restrictions continued to support private sector output expansion, issues around a COVID-related labor and supply crunch and domestic flooding affected manufacturing production in May. Overall demand nevertheless remained in growth across both the manufacturing and service sectors, supporting private sector workforce expansion in May. Private sector firms also continued to experience higher costs in May amid the war in Ukraine, lockdowns in China and domestic flooding, with input prices rising at the third fastest rate on record.
2022-05-23