Australia’s composite PMI was revised higher to 48.7 in May 2026 from 47.8 in the preliminary estimate, but remained below the final reading of 50.7 in April. It marked the second contraction in three months as services and manufacturing activity weakened amid the prolonged Middle East conflict. Services activity contracted for the second time in three months, while manufacturing growth eased, with output declining for a fourth straight month. Total new orders dropped at the steepest pace in just under two and a half years, underscoring softer demand amid the Middle East war. Employment also fell for the first time in 17 months, with job losses the sharpest in nearly five years. Input costs rose due to higher fuel prices, although inflation eased from April. Selling price inflation also slowed from April's 39-month high. Lastly, sentiment slumped to its lowest level since November 2023 amid concerns surrounding a broader economic downturn, higher prices, and rising interest rates. source: S&P Global

Composite PMI in Australia decreased to 48.70 points in May from 50.40 points in April of 2026. Composite PMI in Australia averaged 51.68 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 48.70 points in May from 50.40 points in April of 2026. Composite PMI in Australia is expected to be 49.10 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 50.70 51.30 points May 2026
S&P Global Services PMI 48.70 50.70 points May 2026

Related Last Previous Unit Reference
NAB Business Confidence -14.00 -23.00 points May 2026
Passenger Car Sales 12605.00 11005.00 Units May 2026
Industrial Production 2.50 2.80 percent Mar 2026
Industrial Production Mom -0.60 1.70 percent Mar 2026
Ai Group Industry Index -26.50 -25.50 points May 2026
Ai Group Services Index -19.60 -24.40 points May 2026
Ai Group Manufacturing Index -22.40 -27.90 points May 2026
Manufacturing Production 3.20 1.10 percent Mar 2026
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 Composite PMI Revised Upward
Australia’s composite PMI was revised higher to 48.7 in May 2026 from 47.8 in the preliminary estimate, but remained below the final reading of 50.7 in April. It marked the second contraction in three months as services and manufacturing activity weakened amid the prolonged Middle East conflict. Services activity contracted for the second time in three months, while manufacturing growth eased, with output declining for a fourth straight month. Total new orders dropped at the steepest pace in just under two and a half years, underscoring softer demand amid the Middle East war. Employment also fell for the first time in 17 months, with job losses the sharpest in nearly five years. Input costs rose due to higher fuel prices, although inflation eased from April. Selling price inflation also slowed from April's 39-month high. Lastly, sentiment slumped to its lowest level since November 2023 amid concerns surrounding a broader economic downturn, higher prices, and rising interest rates.
2026-06-02
Australia Private Sector Activity Falls Back Into Contraction
Australia’s composite PMI fell to 47.8 in May 2026 from a final 50.4 in the previous month, flash data showed, marking the second contraction in three months as services and manufacturing weakened under the prolonged Middle East conflict. Services swung back into contraction after April’s expansion, while manufacturing output declined for a fourth straight month. Total new orders dropped at the steepest pace since September 2021, underscoring softer demand amid geopolitical uncertainty. Employment also fell for the first time in 18 months, with job losses the sharpest in nearly six years. Input cost inflation accelerated to its second-highest since August 2022, driven by fuel, raw materials, and transport, while output charges rose further, though at a slower pace than costs. Business confidence slumped to a record low in the survey’s decade history, weighed down by rising costs, risk of further rate hikes, and challenging market conditions.
2026-05-20
Australia Private Sector Recovers Slightly in April
Australia’s S&P Global Australia Composite PMI rose to 50.4 in April 2026, better than initial estimates of 50.1, signaling a slight return to growth following a first reduction for a year-and-a-half in the previous month at 46.6. The increase in output reflected growth in services business activity, climbing to 50.7 as sustained job creation supported output, while manufacturing production declined for a third straight month amid supply disruptions and weaker demand. New orders fell for a second consecutive month, reflecting uncertainty and rising fuel costs linked to the Middle East conflict, though services exports showed slight growth. Inflationary pressures intensified sharply, with input costs surging to multi-year highs, prompting firms to raise selling prices. Employment rose overall, supported by services hiring, but manufacturing firms cut jobs. Meanwhile, business confidence weakened to its lowest in nearly two years, as concerns over costs and demand persisted.
2026-05-04