Australia Performance Services Index - Forecast

Services PMI in Australia is expected to be 55.00 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 54.51 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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Business Confidence 6 10 9 5.99 6.02 6
Services PMI 52.5 55 53.5 54.51 54.51 52.2
Manufacturing PMI 59 57.1 56.2 55.8 57.34 52
Industrial Production 3.5 2.85 1.41 2.24 2.62 2.9
Industrial Production Mom 0.2 0.06 0.03 0.59 0.57 0.49
Manufacturing Production 1.9 0.5 -0.67 1.91 2.47 1
Capacity Utilization 82.1 82.18 82.17 82.17 82.17 82.17
New Orders 31 30.1 36.96 35.44 32.32 34.61
Changes in Inventories 1160 662 591 559 524 466
Bankruptcies 764 675 680 682 682 682
Corporate Profits 88467 68900 87184 87048 86998 59900
Total Vehicle Sales 85551 99100 103819 102978 102685 101000
Car Registrations 14079 14200 14260 14260 14505 14350
Leading Economic Index -0.07 0.1 0 -0.2 0 0.1
Small Business Sentiment 1.54 2.15 -2.76 3.48 -0.7 0.37
Internet Speed 11063 14067 14383 14695 14967 16567
IP Addresses 9859878 9942116 9949235 9951342 9951220 9953818
Private Investment -2.5 0.34 0.7 0.68 0.96 1.23
Mining Production 4.5 1.2 4.79 4.78 3.37 4
Steel Production 520 516 516 515 515 515
Corruption Index 77 77 77 77 77 77
Corruption Rank 13 13 13 13 13 13
Competitiveness Index 5.19 5.19 5.19 5.19 5.19 5.19
Competitiveness Rank 21 21 21 21 21 21
Composite Pmi 52.5 53.9 53.5 53.8 52.16 56.5
Business Inventories 0.6 0.3 0.6 0.2 0.51 0.4
Ease of Doing Business 14 16 12 11 11 17