The Commonwealth Bank of Australia Services PMI was revised higher to 52.3 in July 2019 from a preliminary estimate of 51.9 and compared to the previous month's final figure of 52.6. Output and new orders rose at a slower pace, despite a solid increase in new export business. Meanwhile, employment fell for only the second time since the survey started in May 2016 and at the steepest rate in the series history. On the price front, input cost inflation reached a nine-month high while output prices rose only modestly. Finally, Australian service providers remained upbeat about longer-term prospects as sentiment towards the year-ahead outlook stayed in positive territory. Services Sentiment in Australia is reported by Markit Economics.

Australia Commonwealth Bank Services PMI
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-06-20 11:00 PM CommBank Australia Services PMI Flash Jun 53.3 51.5 51.7
2019-07-02 11:00 PM CommBank Australia Services PMI Final Jun 52.6 51.5 53.3 53.3
2019-07-23 11:00 PM CommBank Australia Services PMI Flash Jul 51.9 52.6 53
2019-08-04 11:00 PM CommBank Australia Services PMI Final Jul 52.3 52.6 51.9 51.9
2019-08-21 11:00 PM CommBank Australia Services PMI Flash Aug 52.3 51.8
2019-09-03 11:00 PM CommBank Australia Services PMI Final Aug 52.3
2019-09-22 11:00 PM CommBank Australia Services PMI Flash Sep


Australia Business Last Previous Highest Lowest Unit
Business Confidence 4.00 2.00 21.00 -30.00 Index Points [+]
Services PMI 43.90 52.20 63.00 32.50 Index Points [+]
Manufacturing PMI 51.30 49.40 62.50 29.47 [+]
Industrial Production 1.20 3.00 12.60 -7.60 percent [+]
Industrial Production Mom 0.50 0.30 5.20 -7.10 percent [+]
Manufacturing Production -1.30 -0.50 8.60 -11.80 percent [+]
Capacity Utilization 80.89 82.06 84.62 78.24 percent [+]
New Orders 36.00 22.00 49.00 -37.00 Index Points [+]
Changes in Inventories 460.00 1048.00 4159.00 -3848.00 AUD Million [+]
Bankruptcies 708.00 772.00 1123.00 217.00 Companies [+]
Corporate Profits 93026.00 91428.00 93026.00 12032.00 AUD Million [+]
Total Vehicle Sales 117817.00 92561.00 130300.00 48099.00 [+]
Car Registrations 14330.43 14078.57 14330.43 3990.94 Thousand [+]
Leading Economic Index -0.10 -0.08 0.54 -1.10 percent [+]
Small Business Sentiment 0.84 -4.92 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 [+]
Industrial Sentiment 51.60 52.00 57.20 50.90 Index Points [+]
Private Investment -1.70 1.30 15.60 -8.60 percent [+]
Mining Production 3.20 6.80 25.20 -16.90 percent [+]
Steel Production 475.78 493.54 819.00 238.00 Thousand Tonnes [+]
Services Sentiment 52.30 52.60 58.40 48.70 Index Points [+]
Corruption Index 77.00 77.00 88.60 77.00 Points [+]
Corruption Rank 13.00 13.00 13.00 7.00 [+]
Competitiveness Index 78.85 78.17 78.85 5.08 Points [+]
Competitiveness Rank 14.00 15.00 22.00 14.00 [+]
Composite Pmi 52.10 52.50 58.30 49.10 Index Points [+]
Business Inventories 0.70 0.00 2.80 -2.80 percent [+]
Ease of Doing Business 18.00 14.00 18.00 9.00 [+]


Australia Commonwealth Bank Services PMI

The Commonwealth Bank Services PMI is based on data compiled from monthly replies to questionnaires sent to a representative panel of purchasing executives in over 400 private sector services firms in Australia. The panel is stratified by GDP and company workforce size. The services sector is divided into the following five broad categories: Transport & Storage, Consumer Services, Information & Communication, Finance & Insurance and Real Estate & Business Services. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides - Australia Commonwealth Bank Services PMI- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Commonwealth Bank Services PMI - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.30 52.60 58.40 48.70 2016 - 2019 Index Points Monthly
SA




Country Last Previous
Australia 52.30 Jul/19
Euro Area 10.60 Jul/19
Singapore 2.00 Jun/19


Related

Latest