The IHS Markit Australia Composite PMI decreased to 54.4 in February 2021, down from 55.9 in the previous month amid signs of emerging pressure on capacity, preliminary data showed. On the bright side, employment rose to the highest extent since October 2018. On the price front, sharp inflationary pressures were signaled, with input costs increasing at the quickest rate in nearly five years of data collection and selling price inflation at a 28-month high. Looking ahead, business confidence improved to a two-and-a-half year high on the back of hopes that the coronavirus disease 2019 (COVID-19) pandemic will come to an end, leading to further expansions in activity. source: Markit Economics

Composite PMI in Australia averaged 52.24 points from 2016 until 2021, reaching an all time high of 58.30 points in March of 2017 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 March of 2021.

Composite PMI in Australia is expected to be 54.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in Australia to stand at 54.30 in 12 months time. 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

Actual Previous Highest Lowest Dates Unit Frequency
54.40 55.90 58.30 21.70 2016 - 2021 points Monthly
SA


News Stream
Australia Composite PMI Falls to 4-Month Low
The IHS Markit Australia Composite PMI decreased to 54.4 in February 2021, down from 55.9 in the previous month amid signs of emerging pressure on capacity, preliminary data showed. On the bright side, employment rose to the highest extent since October 2018. On the price front, sharp inflationary pressures were signaled, with input costs increasing at the quickest rate in nearly five years of data collection and selling price inflation at a 28-month high. Looking ahead, business confidence improved to a two-and-a-half year high on the back of hopes that the coronavirus disease 2019 (COVID-19) pandemic will come to an end, leading to further expansions in activity.
2021-02-18
Australia Composite PMI Grows Further
Markit’s Composite Purchasing Managers Index for Australia increased to 56 points in January from 55.6 in December, as growth continued but at a slower pace as the coronavirus epidemic remains contained. A faster growth in manufacturing (57.2 from 55.7) outweighed a weaker expansion in services (55.8 from 57.0). Aggregate new orders expanded for the fifth straight month, while job creation was sustained. On the price front, selling prices rose at the quickest price in over two years. Looking ahead, business confidence fell to the lowest since August, as concerns over the lasting effects of the coronavirus dampened sentiment.
2021-01-21
Australia Markit Composite PMI Revised Lower
The IHS Markit Australia Composite PMI was revised lower to 55.6 in December of 2020 from a flash reading of 57.0 and compared to November's 54.9. Still, the latest reading signaled the fourth consecutive monthly improvement in private sector business activity, driven by an acceleration in output in both the manufacturing and service sectors.
2021-01-05
Australia Markit Composite PMI Gains Steam
The IHS Markit Australia Composite PMI increased to 57.0 points in December of 2020 from 54.9 in the previous month, preliminary data showed. The latest reading pointed to the fourth consecutive expansion in private sector activity and the fastest since July, as both goods producers and service providers signalled stronger increases in business activity, with sales growth boosted by the easing of COVID-19 restrictions, the reopening of borders, increased publicity and improved client demand. New orders from abroad continued to decline in December, but the rate of contraction softened to the weakest in three months. Meanwhile, private sector companies increased employment for the second straight month in December. Looking ahead, business confidence improved at the end of 2020, with the overall degree of optimism reaching its highest since August 2018.
2020-12-15

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. .