The Australian Industry Group Australian Performance of Services Index tumbled to 49.2 in May of 2022 from 57.8 in the previous month. The latest reading pointed to the first month of contraction in the services sector since November of 2022. source: Australian Industry Group

Services PMI in Australia averaged 50.11 points from 2003 until 2022, reaching an all time high of 63 points in June of 2018 and a record low of 27.10 points in April of 2020. This page provides the latest reported value for - Australia Performance Services Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Performance Services Index - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Services PMI in Australia is expected to be 58.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Performance Services Index is projected to trend around 51.00 points in 2023 and 53.00 points in 2024, according to our econometric models.

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Australia Performance Services Index



Related Last Previous Unit Reference
Manufacturing PMI 54.00 52.40 points Jun 2022
Services PMI 49.20 57.80 points May 2022

Australia Performance Services Index
The Australian Industry Group Australian Performance of Services Index (Australian PSI®) is a leading indicator of services activity in the Australian economy. The Australian PSI is a seasonally adjusted national composite index based on the diffusion indices for sales, orders/new business, deliveries, inventories and employment with varying weights. An Australian PSI® reading above 50 points indicates that services activity is generally expanding; below 50, that it is declining. The distance from 50 is indicative of the strength of the expansion or decline. Results are based on a sample of around 200 companies each month.
Actual Previous Highest Lowest Dates Unit Frequency
49.20 57.80 63.00 27.10 2003 - 2022 points Monthly
SA

News Stream
Australia Services Sector Contracts in May
The Australian Industry Group Australian Performance of Services Index tumbled to 49.2 in May of 2022 from 57.8 in the previous month. The latest reading pointed to the first month of contraction in the services sector since November of 2022.
2022-06-06
Australia Services Sector Expands for 5th Month
The Australian Industry Group Australian Performance of Services Index rose by 1.6 points to 57.8 in April of 2022 from 56.2 in the previous month. The latest reading pointed to the fifth consecutive month of growth in the service sector.
2022-05-05
Australia Services Sector Growth Slows in March
The Australian Industry Group Australian Performance of Services Index fell to 56.2 in March of 2022 from a nine-month high of 60 in the prior month. The latest reading pointed to slower growth in the services sector, although solid overall.
2022-04-06