The Markit Australia Composite PMI was revised slightly higher to 55.7 in November of 2021 the highest level in the past five months, and accelerating from 52.1 a month earlier. This marks the second consecutive expansion of the private sector since June, as COVID-19 restrictions eased further. Demand and output growth across both manufacturing and service sectors picked up in November, while the services output growth surpassed manufacturing for the first time in five months. Also, expansion of workforce numbers continued in November and at a faster pace compared to the prior month. On prices, input price inflation across both manufacturing and service sectors surged to their respective survey record rates to indicate a rapid increase in input costs. Overall sentiment improved with hopes of continued recovery from the latest COVID-19 Delta wave. source: Markit Economics
Composite PMI in Australia averaged 52.24 points from 2016 until 2021, 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 December of 2021.
Composite PMI in Australia is expected to be 53.00 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 2022, according to our econometric models.