The IHS Markit Australia Composite PMI decreased to a 14-month low of 45.2 in July of 2021 from a revised 56.7 in the previous month, preliminary data showed. It was also the first contraction since August 2020, as private sector output and demand across both the manufacturing and services sectors eased. Employment conditions remained positive, although the pace of job creation slowed sharply from June. source: Markit Economics

Composite PMI in Australia averaged 52.43 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 July of 2021.

Composite PMI in Australia is expected to be 55.00 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 53.00 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
45.20 56.70 58.90 21.70 2016 - 2021 points Monthly
SA


News Stream
Australia Composite PMI Falls Back to Contractionary Territory
The IHS Markit Australia Composite PMI decreased to a 14-month low of 45.2 in July of 2021 from a revised 56.7 in the previous month, preliminary data showed. It was also the first contraction since August 2020, as private sector output and demand across both the manufacturing and services sectors eased. Employment conditions remained positive, although the pace of job creation slowed sharply from June.
2021-07-22
Australia Private Sector Remains Solid
The IHS Markit Australia Composite PMI was at 56.7 in June, compared with the flash figure of 56.1 and after a final 58.0 in the previous month, with both the manufacturing and service sectors witnessing slower output growth. New business inflows rose at a softer rate, attributed to the lockdown in Victoria state. Meantime, employment grew further but firms still reported rising outstanding business. On the cost side, inflationary pressures sustained as both input prices and output charges rose. Output price inflation notably accelerated to a fresh record high. Finally, sentiment stayed positive at a level unchanged from May.
2021-07-04
Australia Composite PMI Declines for Second Straight Month
The IHS Markit Australia Composite PMI decreased to 56.1 in June of 2021 from 58.0 in the previous month, preliminary data showed. Private sector output and demand growth across both the manufacturing and services sectors slowed compared to May. Private sector employment, however, continued to increase at a solid pace in June. On the price front, both input and output cost slowed.
2021-06-22
Australia Composite PMI Eases from Records
The IHS Markit Australia Composite PMI decreased to 58.0 in May of 2021 from 58.9 in the previous month and compared to a preliminary estimate of 58.1. Still, overall business activity growth was driven by sustained increases in manufacturing output and services activity, while firmer demand conditions favoured private sector firms to raise employment levels in both sectors. On the price front, both input and output prices advanced at a record pace.
2021-06-02

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. .