The IHS Markit Australia Services PMI increased to 44.9 in September 2021 from 44.9 in August. This marked a third consecutive month of service sector contraction, albeit at the slowest pace in the current sequence. Extensions of lockdown conditions for various Australian states through September continued to affect service sector performance. That said, some easing of mobility restrictions in the country enabled demand and activity to fall at slower rates in September. Service providers also increased their workforce levels amid optimism regarding the year ahead. Cost pressures however sustained for service sector firms with input cost inflation rising in September while output charges increased at the fastest rate seen since June’s survey record. source: Markit Economics
Services Sentiment in Australia averaged 51.93 points from 2016 until 2021, reaching an all time high of 58.80 points in April of 2021 and a record low of 19.50 points in April of 2020. This page provides - Australia Commonwealth Bank Services PMI- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Markit Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Services Sentiment in Australia is expected to be 44.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Markit Services PMI is projected to trend around 53.50 points in 2022, according to our econometric models.