The Australian Industry Group Australian Performance of Services Index retreated to 45.6 in November of 2022 from 47.7 in the previous month. The latest reading pointed to the third consecutive month of contraction in the services sector and the lowest level since August 2021. source: Australian Industry Group
Services PMI in Australia averaged 50.08 points from 2003 until 2022, reaching an all time high of 63.00 points in June of 2018 and a record low of 27.10 points in April of 2020. This page provides the latest reported value for - Australia Performance Services Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Performance Services Index - values, historical data and charts - was last updated on March of 2023.
Services PMI in Australia is expected to be 51.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Performance Services Index is projected to trend around 54.00 points in 2024 and 53.40 points in 2025, according to our econometric models.