The S&P Global Australia Services PMI Business Activity Index was revised slightly higher to 50.7 in April 2026 from 50.3 in the preliminary estimate, and up from a final 46.3 in March, which had marked the weakest reading since November 2023. A rebound in services activity was supported by sustained job creation, with firms reporting improved business conditions. However, new orders continued to fall as demand remained subdued amid higher fuel costs due to the war in the Middle East. Despite weak demand, new business from abroad ticked higher, with growth in April following a sharp decline in March. On prices, input cost inflation accelerated to the fastest pace since August 2022, driven by fuel price fluctuations. As a result, firms raised selling prices at the fastest rate since January 2023, as higher fuel costs were passed through to customers. Finally, business sentiment was unchanged from that seen in March, remaining relatively muted compared to the long-run average. source: S&P Global
Services PMI in Australia increased to 50.70 points in April from 46.30 points in March of 2026. Services PMI in Australia averaged 51.67 points from 2016 until 2026, reaching an all time high of 58.80 points in April of 2021 and a record low of 19.50 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.
Services PMI in Australia increased to 50.70 points in April from 46.30 points in March of 2026. Services PMI in Australia is expected to be 49.00 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 Services PMI is projected to trend around 52.60 points in 2027 and 53.00 points in 2028, according to our econometric models.