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.

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Australia Markit Composite PMI


Related Last Previous Unit Reference
Composite PMI 55.70 52.10 points Nov/21
Services Sentiment 55.70 51.80 points Nov/21
Industrial Sentiment 59.20 58.20 points Nov/21

News Stream
Australia Private Sector Confirmed at 5-Month High
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.
2021-12-02
Australia Private Sector Expected to Accelerate in November
The IHS Markit Australia Composite PMI rose to a five-month high of 55 in November of 2021 from 52.1 a month earlier, a flash estimate showed. This marks the second consecutive expansion of the private sector since June, prior to when the Australian economy was hard hit by the latest COVID-19 Delta wave. Survey respondents reported that a further easing of COVID-19 restrictions enabled an improvement in both private sector output and demand growth, while employment conditions also improved. However, prices pressures continued with input price inflation soaring to a record level. Meanwhile, supply issues persisted, which alongside the unleashing pent-up demand following the easing of COVID-19 restrictions, led to backlogged work to accumulate at a faster pace in November. Still, the sentiment in the Australian private sector remained positive in November with business confidence rising to the strongest level seen since February
2021-11-22
Australia Private Sector Rebounds Sharply in October
The Markit Australia Composite PMI was confirmed at 52.1 in October of 2021 the highest level in the past four months, and rebounding from 46 a month earlier. This marks the first expansion of the private sector since June, prior to when the Australian economy was hard hit by the latest COVID-19 Delta wave. Survey respondents reported that the easing of COVID-19 restrictions enabled a marked improvement in demand and activity which translated to sustained employment growth. At the same time, the export business rose for the first time in four months. Meanwhile, the level of outstanding business increased in October, amid higher demand and supply issues, as well as labor constraints. Price pressures also continued to intensify, with both input inflation and output charges hitting record levels. Finally, business sentiment was solid as confidence improved to the strongest since February.
2021-11-02

Australia Markit Composite PMI
In Australia, the IHS Markit 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. .