The S&P Global Australia Composite PMI fell to 49.8 in October 2022 from 50.9 in September, signaling that the private sector shrank for the first time in nine months. Both demand and output declined in October while the level of work outstanding simultaneously eased. The labour market remained tight, however, as firms continued to hire at a solid pace. Meanwhile, price pressures persisted, in part contributing to lower private sector confidence in October. Looking ahead, overall sentiment in the Australian private sector remained positive, but the level of business confidence further slipped to the lowest since April 2020. source: Markit Economics

Composite PMI in Australia averaged 52.28 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 November of 2022.

Composite PMI in Australia is expected to be 53.70 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.

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Australia Markit Composite PMI



Related Last Previous Unit Reference
Services Sentiment 49.30 50.60 points Oct 2022
Industrial Sentiment 52.70 53.50 points Oct 2022
Composite PMI 49.80 50.90 points Oct 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
49.80 50.90 58.90 21.70 2016 - 2022 points Monthly
SA

News Stream
Australia Composite PMI Falls to 49.8
The S&P Global Australia Composite PMI fell to 49.8 in October 2022 from 50.9 in September, signaling that the private sector shrank for the first time in nine months. Both demand and output declined in October while the level of work outstanding simultaneously eased. The labour market remained tight, however, as firms continued to hire at a solid pace. Meanwhile, price pressures persisted, in part contributing to lower private sector confidence in October. Looking ahead, overall sentiment in the Australian private sector remained positive, but the level of business confidence further slipped to the lowest since April 2020.
2022-11-02
Australia Composite PMI Contracts in October
The S&P Global Australia Composite PMI fell to 49.6 in October 2022 from 50.9 in September, signal that the private sector shrank for the first time in nine months, flash estimates showed. Both demand and output declined in October while the level of work outstanding simultaneously eased. The labour market remained tight, however, as firms continued to hire at a solid pace. Meanwhile price pressures persisted, in part contributing to lower private sector confidence in October. Looking ahead, overall sentiment in the Australian private sector remained positive but the level of business confidence further slipped to the lowest since April 2020.
2022-10-23
Australia Composite PMI Hits 7-Month Low
The S&P Global Australia Composite PMI fell to 50.2 in August 2022 from 51.1 in July, signaling a seventh consecutive month of improvement in Australia’s private sector economy, although at the slowest rate of growth in the current positive sequence. Firms who registered lower output levels frequently mentioned that recent interest rate hikes and current inflationary pressures were weighing on demand. That said, composite demand continued to expand in August at a rate ever so slightly quicker than July. Staffing levels continued to increase into August though the pace of job creation eased to a seven-month low. Despite remaining historically sharp, inflationary pressures softened in August with the rates of both input and output cost inflation dipping to six-month lows. Overall business sentiments across Australia's private sector remained positive but were at the lowest since April 2020.
2022-09-04