The S&P Global Australia Composite PMI fell to 52.6 in June 2022 from a final reading of 52.9 in May, marking the fifth consecutive month of Australian private sector growth, albeit at the slowest pace in the current sequence of expansion. Private sector output and new orders continued to expand at solid rates, leading to a continued expansion in Australia’s private sector workforce. That said, rates of expansion eased since April. Meanwhile, supply constraints persisted, contributing to a further accumulation of backlogged work. Turning to prices, inflationary pressures remained severe and among the highest on record. Overall business confidence remained positive, but eased to the lowest in over two years. source: Markit Economics

Composite PMI in Australia averaged 52.37 points from 2016 until 2022, reaching an all time high of 58.90 points in April of 2021 and a record low of 21.70 points in April of 2020. This page provides - Australia Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Markit Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Composite PMI in Australia is expected to be 54.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Markit Composite PMI is projected to trend around 53.70 points in 2023, according to our econometric models.

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Australia Markit Composite PMI



Related Last Previous Unit Reference
Composite PMI 52.60 52.90 points Jun 2022
Services Sentiment 52.60 53.20 points Jun 2022
Industrial Sentiment 56.20 55.70 points Jun 2022

Australia Markit Composite PMI
In Australia, the S&P Global Australia Composite PMI Output Index is a GDP-weighted average of the Commonwealth Bank Manufacturing Output Index and the Commonwealth Bank Services Business Activity Index. It tracks changes in business activity in the Australian private sector economy as a whole. A reading above 50 indicates expansion in business activity while below 50 points to contraction. .
Actual Previous Highest Lowest Dates Unit Frequency
52.60 52.90 58.90 21.70 2016 - 2022 points Monthly
SA

News Stream
Australia Composite PMI Slows to 5-Month Low
The S&P Global Flash Australia Composite PMI declined to 52.6 in June 2022 from a final reading of 52.9 in May, marking the fifth consecutive month of Australian private sector growth, albeit at the slowest pace in the current sequence of expansion. Private sector output and new orders continued to expand at solid rates, leading to a continued expansion in Australia’s private sector workforce. That said, rates of expansion eased since April. Meanwhile, supply constraints persisted, contributing to a further accumulation of backlogged work. Turning to prices, inflationary pressures remained severe and among the highest on record. Overall business confidence remained positive, but eased to the lowest in over two years.
2022-06-22
Australia Composite PMI Slows to 4-Month Low
The S&P Global Australia Flash Composite PMI declined to 52.5 in May 2022 from a final reading of 55.9 in April, marking the 4th consecutive month of expansion for the private sector but at the slowest pace in the current sequence. Private sector output growth eased in May, weighed by a contraction of manufacturing output while services business activity remained in expansion. Although the easing of COVID-19 restrictions continued to support private sector output expansion, issues around a COVID-related labor and supply crunch and domestic flooding affected manufacturing production in May. Overall demand nevertheless remained in growth across both the manufacturing and service sectors, supporting private sector workforce expansion in May. Private sector firms also continued to experience higher costs in May amid the war in Ukraine, lockdowns in China and domestic flooding, with input prices rising at the third fastest rate on record.
2022-05-23
Australia Composite PMI Inches Up in April
The S&P Global Australia Composite PMI rose to 55.9 in April 2022 from 55.1 in the previous month, indicating a third straight month of private sector output expansion following January’s decline. Both manufacturing and service sector output growth accelerated in April, driven by higher demand as COVID-19 disruptions eased. Employment levels also rose in tandem across both sectors, although backlogged work continued to accumulate and at a record rate in the manufacturing sector amid higher demand and supply constraints. Meanwhile, price pressures persisted with rapid rates of input cost and output price inflation seen in the service and manufacturing sectors respectively. Sentiment in the Australia private sector remained positive though business confidence eased from March amid concerns over rising costs.
2022-05-03