The Commonwealth Bank Composite PMI for Australia was revised slightly higher to 52.7 in June 2020 from a preliminary estimate of 52.6 and May's 28.1. The reading pointed to the first expansion in private sector activity in five months and the sharpest since December 2018, amid a further easing of coronavirus lockdown restrictions. The services sector returned to growth (PMI at 53.1 vs 26.9 in May) and manufacturing output shrank at a softer pace (PMI at 49.8 vs 44 in May). New orders stabilised, ending a four-month sequence of decline and the job shedding rate eased. In contrast, export orders continued to fall sharply, particularly within services. On the price front, input prices rose for the first time in three months and output prices increased. Lastly, sentiment improved to a nine-month high amid optimism that the worst of the disruption from the covid-19 has passed and that operating conditions will gradually return to normal.

Composite Pmi in Australia averaged 51.92 points from 2016 until 2020, 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 Commonwealth Bank Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Markit Economics

Composite Pmi in Australia is expected to be 53.00 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 53.70 in 12 months time. In the long-term, the Australia Commonwealth Bank Composite PMI is projected to trend around 53.80 points in 2021 and 53.40 points in 2022, according to our econometric models.

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Australia Commonwealth Bank Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
52.70 28.10 58.30 21.70 2016 - 2020 points Monthly
SA


News Stream
Australia Private Sector Activity Returns to Growth
The Commonwealth Bank Composite PMI for Australia was revised slightly higher to 52.7 in June 2020 from a preliminary estimate of 52.6 and May's 28.1. The reading pointed to the first expansion in private sector activity in five months and the sharpest since December 2018, amid a further easing of coronavirus lockdown restrictions. The services sector returned to growth (PMI at 53.1 vs 26.9 in May) and manufacturing output shrank at a softer pace (PMI at 49.8 vs 44 in May). New orders stabilised, ending a four-month sequence of decline and the job shedding rate eased. In contrast, export orders continued to fall sharply, particularly within services. On the price front, input prices rose for the first time in three months and output prices increased. Lastly, sentiment improved to a nine-month high amid optimism that the worst of the disruption from the covid-19 has passed and that operating conditions will gradually return to normal.
2020-07-02
Australia Composite PMI at Over 1-Year High in June
The Commonwealth Bank Composite PMI for Australia went up to 52.6 in June 2020 from 28.1 in the previous month, a flash estimate showed. The latest reading pointed to the first expansion in private sector activity in five months and the sharpest since December 2018, amid a further easing of coronavirus lockdown restrictions. The services sector returned to growth (PMI at 53.2 vs 26.9 in May) and manufacturing output shrank at a softer pace (PMI at 49.8 vs 44 in May). New orders stabilised, ending a four-month sequence of decline and the job shedding rate eased. On the other hand, export orders continued to fall sharply, particularly in the service sector amid restrictions on travel. On the price front, input prices rose for the first time in three months and output prices increased. Lastly, sentiment improved to a nine-month high amid optimism that the worst of the disruption from the covid-19 has passed and that operating conditions will gradually return to normal.
2020-06-22
Australia Composite PMI Stays in Deep Contraction
The Commonwealth Bank Composite PMI for Australia came at 26.4 in May 2020, contracting at a slower rate compared to a reading of 21.7 in April, preliminary data showed. The latest reading pointed to the second steepest contraction in the private sector, amid tentatives of easing coronavirus lockdown restrictions. Services activities shrank at a softer pace (PMI at 25.5 vs 19.5 in April) while factory output dropped to an-all time low (PMI at 42.8 vs 44.1 in April). New orders continued to fall substantially and the firms reduced their staffing levels for a fourth successive month. Finally, confidence rose sharply to the highest in eight months, as firms expect output to increase over the coming year as restrictions are lifted and conditions gradually return to normal.
2020-05-20
Australia Composite PMI Revised Lower
The Commonwealth Bank Composite PMI for Australia was revised down to 21.7 in April 2020 from a preliminary 22.4 and compared to March's 39.4. The latest reading pointed to the steepest contraction in the private sector since series began amid the coronavirus pandemic, as both the services sector (PMI at 19.5 vs 38.5 in March) and factory activity (PMI at 45.6 vs 49.7 in March) shrank at the fastest pace on record.
2020-05-04

Australia Commonwealth Bank Composite PMI
In Australia, the Commonwealth Bank of 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. .