Australia Performance Services Index  Forecast


Services PMI in Australia is expected to be 52.50 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 52.00 in 12 months time. In the long-term, the Australia Performance Services Index is projected to trend around 52.20 Index Points in 2020, according to our econometric models.


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Australia Business Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Business Confidence 7 8 6 9 10 6
Services PMI 52.1 52.5 53 52.8 52 52.2
Manufacturing PMI 54.2 54 53 53.4 53 52
Industrial Production 0.7 2.47 3.03 3.14 2.94 2.32
Industrial Production Mom 0.8 0.49 0.55 0.49 0.51 0.55
Manufacturing Production -0.4 0.2 0.2 -0.5 -0.6 1
Capacity Utilization 81.92 81.71 81.62 81.56 81.49 81.16
New Orders 38 24.01 21.31 17.77 17.71 14.98
Changes in Inventories -419 219 366 391 413 421
Bankruptcies 741 729 712 701 693 665
Corporate Profits 78688 64900 74632 74926 75042 59900
Total Vehicle Sales 98882 99095 98908 98709 98517 101000
Car Production 10499 10700 14861 16156 17161 12700
Car Registrations 14079 14060 14186 14250 14313 14758
Leading Economic Index 0.1 0.2 0 0.1 0.2 0.1
Small Business Sentiment -2.81 -1.48 -1.6 -1.14 1.27 0.67
Steel Production 461 485 499 511 521 563
Private Investment 0.8 1.01 1.19 1.24 1.29 1.43
Mining Production 2.9 0.7 1.2 1.1 0.9 4
Competitiveness Index 5.19 5.19 5.21 5.21 5.21 5.25
Competitiveness Rank 21 22 23 23 22 25
Business Inventories -0.4 0.6 0.39 0.41 0.5 0.4
Corruption Index 79 80 80 81 81 83
Corruption Rank 13 12 12 11 11 8
Ease of Doing Business 15 14 16 16 16 17