Australia Performance Services Index - Forecast

Services PMI in Australia is expected to be 53.80 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 55.11 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.


Forecast Data Chart
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Australia Business Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Business Confidence 7 11 10 9 6.06 6
Services PMI 53.6 53.8 55 53.5 55.11 52.2
Manufacturing PMI 52 56.4 57.1 56.2 55.8 52
Industrial Production 4.4 2.41 2.47 1.29 2.23 2.63
Industrial Production Mom 2.2 0.52 0.15 0.1 0.59 0.48
Manufacturing Production 6.5 -0.6 0.5 1.25 2.58 1
Capacity Utilization 82.39 82.25 82.27 82.27 82.27 82.27
New Orders 49 47.51 38.51 45.01 43.89 42.7
Changes in Inventories 1222 619 505 530 489 450
Bankruptcies 750 679 670 669 668 668
Corporate Profits 86499 87481 68900 86032 86016 59900
Total Vehicle Sales 130300 113322 99100 110139 110158 101000
Car Registrations 14079 14200 14200 14260 14260 14350
Leading Economic Index 0.01 0.2 0.1 0 -0.2 0.1
Small Business Sentiment 1.54 -4.81 2.15 -2.76 3.48 0.37
Internet Speed 11063 13737 14067 14383 14695 16567
IP Addresses 9859878 9945263 9942116 9949235 9951342 9953818
Private Investment 0.4 1.01 1.02 1.09 1.15 1.25
Mining Production 4.4 0.9 1.2 3.56 4.38 4
Steel Production 507 498 501 502 502 502
Corruption Index 77 77 76 76 76 74
Corruption Rank 13 11 11 11 10 8
Competitiveness Index 5.19 5.21 5.21 5.19 5.19 5.25
Competitiveness Rank 21 22 23 20 19 25
Composite Pmi 52.3 55.1 53.9 53.5 53.8 56.5
Business Inventories 0.7 0.5 0.3 0.6 0.2 0.4
Ease of Doing Business 14 16 16 12 11 17