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.