The Australian Industry Group Australian Performance of Services Index jumped to 58.7 in March of 2021 from 55.8 in the previous month. It was the highest reading since June of 2018, with sales, new orders, stocks, and deliveries showing a robust recovery while employment was close to stable in March. source: Australian Industry Group
Services PMI in Australia averaged 49.86 points from 2003 until 2021, reaching an all time high of 63 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Services PMI in Australia is expected to be 50.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in Australia to stand at 50.50 in 12 months time. In the long-term, the Australia Performance Services Index is projected to trend around 50.50 points in 2022 and 53.00 points in 2023, according to our econometric models.