The Australian Industry Group Australian Performance of Services Index rose 2.9 points to 51.7 points in July 2022, indicating growth and an improvement on the two previous months of deterioration. Uneven dynamics continue to affect the services sector. Business & property, personal services and retail & hospitality were up, while logistics and health & community services were significantly down. Services capacity utilization rose slightly to 80.3%, similar to the June result and above the long-term average. Customer demand in some sectors remains robust, but increased input costs, labor shortages and concerns about future demand impacted services businesses in July. source: Australian Industry Group

Services PMI in Australia averaged 50.11 points from 2003 until 2022, reaching an all time high of 63 points in June of 2018 and a record low of 27.10 points in April of 2020. This page provides the latest reported value for - Australia Performance Services Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Performance Services Index - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Services PMI in Australia is expected to be 54.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Performance Services Index is projected to trend around 51.00 points in 2023 and 53.00 points in 2024, according to our econometric models.

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Australia Performance Services Index



Related Last Previous Unit Reference
Services PMI 51.70 48.80 points Jul 2022
Manufacturing PMI 52.50 54.00 points Jul 2022

Australia Performance Services Index
The Australian Industry Group Australian Performance of Services Index (Australian PSI®) is a leading indicator of services activity in the Australian economy. The Australian PSI is a seasonally adjusted national composite index based on the diffusion indices for sales, orders/new business, deliveries, inventories and employment with varying weights. An Australian PSI® reading above 50 points indicates that services activity is generally expanding; below 50, that it is declining. The distance from 50 is indicative of the strength of the expansion or decline. Results are based on a sample of around 200 companies each month.
Actual Previous Highest Lowest Dates Unit Frequency
51.70 48.80 63.00 27.10 2003 - 2022 points Monthly
SA

News Stream
Australia Services Sector Expands in July
The Australian Industry Group Australian Performance of Services Index rose 2.9 points to 51.7 points in July 2022, indicating growth and an improvement on the two previous months of deterioration. Uneven dynamics continue to affect the services sector. Business & property, personal services and retail & hospitality were up, while logistics and health & community services were significantly down. Services capacity utilization rose slightly to 80.3%, similar to the June result and above the long-term average. Customer demand in some sectors remains robust, but increased input costs, labor shortages and concerns about future demand impacted services businesses in July.
2022-08-04
Australia Services Sector Contracts the Most in 8 Months
The Australian Industry Group Australian Performance of Services Index retreated to 48.8 in June of 2022 from 49.2 in the previous month. The latest reading pointed to the second straight month of contraction in the services sector and pointing to the lowest level since October of 2022.
2022-07-06
Australia Services Sector Contracts in May
The Australian Industry Group Australian Performance of Services Index tumbled to 49.2 in May of 2022 from 57.8 in the previous month. The latest reading pointed to the first month of contraction in the services sector since November of 2022.
2022-06-06