The S&P Global Flash Australia Composite PMI fell to 47.0 in March from 52.4 in February, signaling a contraction for the first time in eighteen months as demand conditions deteriorated. Services activity entered a downturn, with the Services Business Activity Index at 46.6 in March compared with 52.8 in February, while the Manufacturing PMI slipped to 50.1 from 51.0 as both goods and services new business growth cooled and overseas orders for manufactured goods rose at the strongest pace in over three-and-a-half years. Business sentiment remained positive but weakened to its lowest since mid 2024, and employment accelerated as firms continued to hire staff albeit at a softer rate than the previous month, while outstanding workloads were depleted for the first time in 2026. Input cost pressures and selling price inflation intensified from February, with manufacturing cost rises noted as a three-and-a-half year high and charges at their highest since August 2023. source: S&P Global

Composite PMI in Australia decreased to 47 points in March from 52.40 points in February of 2026. Composite PMI in Australia averaged 51.72 points from 2016 until 2026, 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.

Composite PMI in Australia decreased to 47 points in March from 52.40 points in February of 2026. Composite PMI in Australia is expected to be 47.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia S&P Global Composite PMI is projected to trend around 52.50 points in 2027 and 52.80 points in 2028, according to our econometric models.


Components Last Previous Unit Reference
S&P Global Manufacturing PMI 50.10 51.00 points Mar 2026
S&P Global Services PMI 46.60 52.80 points Mar 2026

Related Last Previous Unit Reference
NAB Business Confidence -1.00 4.00 points Feb 2026
Passenger Car Sales 12642.00 13365.00 Units Feb 2026
Industrial Production 2.70 0.10 percent Dec 2025
Industrial Production Mom 1.60 -0.20 percent Dec 2025
Ai Group Industry Index -1.50 -12.30 points Feb 2026
Ai Group Services Index 1.10 -10.80 points Feb 2026
Ai Group Manufacturing Index -15.60 -19.00 points Feb 2026
Manufacturing Production 1.10 -1.90 percent Dec 2025
Small Business Sentiment -2.00 -8.00 points Sep 2025


Australia S&P Global Composite PMI
The S&P Global Australia Composite PMI, which is a weighted average of the Manufacturing Output Index and the Services Business Activity Index, is compiled by S&P Global from responses to questionnaires sent to survey panels of manufacturers and service providers in Australia. The index tracks variables such as sales, new orders, employment, inventories and prices; and varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Australia Private Sector Set for Contraction in March
The S&P Global Flash Australia Composite PMI fell to 47.0 in March from 52.4 in February, signaling a contraction for the first time in eighteen months as demand conditions deteriorated. Services activity entered a downturn, with the Services Business Activity Index at 46.6 in March compared with 52.8 in February, while the Manufacturing PMI slipped to 50.1 from 51.0 as both goods and services new business growth cooled and overseas orders for manufactured goods rose at the strongest pace in over three-and-a-half years. Business sentiment remained positive but weakened to its lowest since mid 2024, and employment accelerated as firms continued to hire staff albeit at a softer rate than the previous month, while outstanding workloads were depleted for the first time in 2026. Input cost pressures and selling price inflation intensified from February, with manufacturing cost rises noted as a three-and-a-half year high and charges at their highest since August 2023.
2026-03-23
Australia Factory Activity Expands for 17th Straight Month
The S&P Global Australia Composite PMI fell to 52.4 in February from 55.7 in January, final data showed. The reading marked the seventeenth consecutive month of expansion and signaled another expansion in private sector output despite softening from the start of the year. This was attributed to a renewed fall in manufacturing production while services activity growth softened. In line with this, overall new orders and export orders similarly rose at slower rates in February, while optimism levels dropped. Employment expanded at a stronger pace as pressure on capacity persisted, allowing firms to address ongoing workloads. Finally, rates of inflation rose in February, driven mainly by higher services inflation. Despite the continued expansion, business confidence weakened and fell to the lowest level since September 2024.
2026-03-03
Australia's Private Sector Set for Slower Growth in February
The S&P Global Flash Australia Composite PMI fell to 52.0 in February from 55.7 in January, signaling expansion for a seventeenth month but at a softer pace than the start of 2026. Services activity eased, with the Services Business Activity Index at 52.2 in February compared with 56.3 in January, while the Manufacturing PMI slipped to 51.5 from 52.3 as both goods and services new business growth cooled and overseas orders for manufactured goods rose only marginally. Business sentiment remained positive but weakened to its lowest since mid 2024, and employment accelerated as firms hired to meet workloads with hiring reaching an 11-month high, while outstanding workloads were unchanged after rising in January. Input cost pressures and selling price inflation intensified from January, with manufacturing cost rises noted as a clear upside risk and both costs and charges at their highest since September 2025.
2026-02-19