The S&P Global Australia Services PMI Business Activity Index eased to 47.8 in October 2026 from 51.9 in September, marking the first contraction since May, flash data showed. It was the lowest reading since March, though new business remained in growth, with the rate of expansion clearly slowing. A slowdown in services new business growth came amid weakening demand, driven by a lack of market confidence, rising borrowing costs, and general inflationary pressures at the start of the fourth quarter. Employment increased after firms shed staff in September to cope with outstanding workloads, which had continued to accumulate. On the price front, input cost inflation accelerated due to higher energy, shipping, commodity, and wage costs. As a result, output costs rose as firms opted to pass on their increased cost burdens to clients. Finally, business sentiment remained positive. source: S&P Global
Services PMI in Australia decreased to 47.80 points in October from 51.90 points in September of 2026. Services PMI in Australia averaged 51.63 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 decreased to 47.80 points in October from 51.90 points in September of 2026. Services PMI in Australia is expected to be 49.50 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 52.00 points in 2027 and 53.00 points in 2028, according to our econometric models.