The Australian Industry Group Australian Performance of Services Index edged up 2.0 points to 49.6 in November of 2021 from 47.6 in the previous months. Still, the reading pointed to a contraction in the services sector, but at a slower pace. source: Australian Industry Group

Services PMI in Australia averaged 49.95 points from 2003 until 2021, 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 January of 2022.

Services PMI in Australia is expected to be 52.00 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 2022 and 53.00 points in 2023, according to our econometric models.

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Australia Performance Services Index


Related Last Previous Unit Reference
Services PMI 49.60 47.60 points Nov/21
Manufacturing PMI 54.80 50.40 points Nov/21

News Stream
Australia Services Sector Still Below 50
The Australian Industry Group Australian Performance of Services Index edged up 2.0 points to 49.6 in November of 2021 from 47.6 in the previous months. Still, the reading pointed to a contraction in the services sector, but at a slower pace.
2021-12-06
Australia Services Sector Keeps Contracting but at a Slower Pace
The Australian Industry Group Australian Performance of Services Index edged up 1.9 points to 47.6 in September of 2021 from 45.7 in August. Still, the reading pointed to a contraction in the services sector, but at a slower pace.
2021-11-04
Australia Services Sector Contracts for 2nd Month
The Australian Industry Group Australian Performance of Services Index edged up 0.1 points to 45.7 in September of 2021 from 45.6 in August. The latest reading pointed to the second consecutive month of contraction in the services sector.
2021-10-06

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.