Australia Commonwealth Bank Services PMI

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.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
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	49.2	51.9		51.8
2019-09-03	11:00 PM	CommBank Australia Services PMI Final Aug		52.3		49.2
2019-09-22	11:00 PM	CommBank Australia Services PMI Flash Sep
2019-10-02	11:00 PM	CommBank Australia Services PMI Final 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	-0.07	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	51.60	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.