The AIG Australian Performance of Services Index climbed to 54.2 in October 2019 from 51.5 in the previous month. New orders rose 0.4 points to 55.0, and sales advanced 7.5 points to 56.1. In addition, employment jumped 4.2 points to 54.7. On the price front, input prices edged down 0.8 points to 59.3, and selling prices decreased 1.5 points to 44.5. Meanwhile, the most dynamic sectors were finance & insurance (up 3.4 points to 63.8) and transport & storage (up 1.8 points to 52.0). In contrast, wholesale trade fell 3.6 points to 38.7. Services PMI in Australia averaged 50.22 Index Points from 2003 until 2019, reaching an all time high of 63 Index Points in June of 2018 and a record low of 32.50 Index Points in February of 2009. source: Australian Industry Group

Services PMI in Australia is expected to be 51.20 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in Australia to stand at 52.50 in 12 months time. In the long-term, the Australia Performance Services Index is projected to trend around 53.00 Index Points in 2020, according to our econometric models.

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Australia Performance Services Index
Australia Business Last Previous Highest Lowest Unit
Business Confidence 2.00 0.00 21.00 -30.00 Index Points [+]
Services PMI 54.20 51.50 63.00 32.50 Index Points [+]
Manufacturing PMI 51.60 54.70 62.50 29.47 [+]
Industrial Production 1.90 1.30 12.60 -7.60 percent [+]
Industrial Production Mom 1.20 0.70 5.20 -7.10 percent [+]
Manufacturing Production -3.10 -1.70 8.60 -11.80 percent [+]
Capacity Utilization 81.68 81.87 84.62 78.24 percent [+]
New Orders 25.00 36.00 49.00 -37.00 Index Points [+]
Changes in Inventories -1982.00 559.00 4159.00 -3848.00 AUD Million [+]
Bankruptcies 685.00 778.00 1123.00 217.00 Companies [+]
Corporate Profits 98026.00 93796.00 98026.00 12032.00 AUD Million [+]
Total Vehicle Sales 82456.00 88181.00 130300.00 48099.00 [+]
Car Registrations 14330.43 14078.57 14330.43 3990.94 Thousand [+]
Leading Economic Index -0.07 -0.12 0.54 -1.11 percent [+]
Small Business Sentiment 1.21 0.84 18.55 -21.17 [+]
Internet Speed 11063.10 10098.33 11063.10 1922.87 KBps [+]
IP Addresses 9859878.00 9310525.00 13859005.00 5227461.00 IP [+]
Private Investment -0.50 -1.30 15.70 -8.60 percent [+]
Mining Production 6.50 3.80 25.20 -16.90 percent [+]
Industrial Sentiment 50.00 50.30 57.20 50.00 Index Points [+]
Services Sentiment 50.10 52.40 58.40 48.70 Index Points [+]
Steel Production 459.23 500.70 819.00 238.00 Thousand Tonnes [+]
Corruption Index 77.00 77.00 88.60 77.00 Points [+]
Corruption Rank 13.00 13.00 13.00 7.00 [+]
Competitiveness Index 78.75 78.85 78.85 5.08 Points [+]
Competitiveness Rank 16.00 14.00 22.00 14.00 [+]
Composite Pmi 50.00 52.00 58.30 49.10 Index Points [+]
Business Inventories -0.90 0.80 2.80 -2.80 percent [+]
Ease of Doing Business 14.00 18.00 18.00 9.00 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on November of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
54.20 51.50 63.00 32.50 2003 - 2019 Index Points Monthly
SA




Country Last Previous
Australia 54.20 Oct/19 51.5
Brazil 51.20 Oct/19 51.8
China 51.10 Oct/19 51.3
Euro Area 52.20 Oct/19 51.6
France 52.90 Oct/19 51.1
Germany 51.60 Oct/19 51.4
India 49.20 Oct/19 48.7
Italy 52.20 Oct/19 51.4
Japan 49.70 Oct/19 52.8
Russia 55.80 Oct/19 53.6
Spain 52.70 Oct/19 53.3
United Kingdom 50.00 Oct/19 49.5
United States 50.60 Oct/19 50.9


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