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.

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Australia Performance Services Index

Related Last Previous Unit Reference
Services PMI 45.60 47.70 points Nov 2022
Manufacturing PMI 44.67 49.63 points Nov 2022

Australia Performance Services Index
The Australian Industry Group Australian Performance of Services Index (Australian PSI®) is a leading indicator of services activity in the Australian economy. The Australian PSI is a seasonally adjusted national composite index based on the diffusion indices for sales, orders/new business, deliveries, inventories and employment with varying weights. An Australian PSI® reading above 50 points indicates that services activity is generally expanding; below 50, that it is declining. The distance from 50 is indicative of the strength of the expansion or decline. Results are based on a sample of around 200 companies each month.
Actual Previous Highest Lowest Dates Unit Frequency
45.60 47.70 63.00 27.10 2003 - 2022 points Monthly