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 September. Still, it keeps point 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 December of 2021.
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.