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.