The IHS Markit Australia Composite PMI increased to 53.6 points in October 2020 from 51.1 in the previous month, a flash estimate showed. The latest reading pointed to the second consecutive expansion in private sector activity amid the further easing of coronavirus containment measures. The service sector grew at the fastest pace in three months (PMI at 53.8 vs 50.8 in September), while manufacturing output growth slowed (PMI at 54.2 vs 55.4 in September). New orders rose for the second successive month driven by domestic demand while the job shedding rate slowed to a three-month low. Meantime, export sales dropped for the ninth month running. On the price front, input cost inflation accelerated to the sharpest in nearly a year boosted by higher cost of raw material, freight fees and wages while output charges were unchanged. Looking ahead, sentiment improved to the strongest for over two years amid expectations of market conditions returning to normal. source: Markit Economics

Composite Pmi in Australia averaged 52 points from 2016 until 2020, reaching an all time high of 58.30 points in March of 2017 and a record low of 21.70 points in April of 2020. This page provides - Australia Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Markit Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Composite Pmi in Australia is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite Pmi in Australia to stand at 51.70 in 12 months time. In the long-term, the Australia Markit Composite PMI is projected to trend around 52.00 points in 2021 and 52.60 points in 2022, according to our econometric models.

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Australia Markit Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
53.60 51.10 58.30 21.70 2016 - 2020 points Monthly
SA


News Stream
Australia Private Sector Activity Expands for 2nd Month
The IHS Markit Australia Composite PMI increased to 53.6 points in October 2020 from 51.1 in the previous month, a flash estimate showed. The latest reading pointed to the second consecutive expansion in private sector activity amid the further easing of coronavirus containment measures. The service sector grew at the fastest pace in three months (PMI at 53.8 vs 50.8 in September), while manufacturing output growth slowed (PMI at 54.2 vs 55.4 in September). New orders rose for the second successive month driven by domestic demand while the job shedding rate slowed to a three-month low. Meantime, export sales dropped for the ninth month running. On the price front, input cost inflation accelerated to the sharpest in nearly a year boosted by higher cost of raw material, freight fees and wages while output charges were unchanged. Looking ahead, sentiment improved to the strongest for over two years amid expectations of market conditions returning to normal.
2020-10-22
Australia Composite PMI Revised Higher
The IHS Markit Australia Composite PMI was revised higher to 51.1 in September 2020 from a flash reading of 50.5 and compared to August's 49.4 in August, amid the easing of coronavirus containment restrictions. The service sector returned to growth (PMI at 50.8 vs 49 in August) and manufacturing output growth quickened (PMI at 55.4 vs 53.6 in August). Similar trends were evident for new orders, with inflows of services new business rising slightly. Meantime, employment shrank further, with the pace of fall quickening to the fastest since May. The presence of capacity pressure diverged between the two sectors as manufacturing saw a solid rise in backlogs of work while services reported a further fall. Input prices rose for a fourth month running, with cost inflation recorded across both sectors. Output charges fell, however, led by a drop in service fees amid greater competitive pressure.
2020-10-05
Australia Private Sector Activity Returns to Growth in September
The IHS Markit Australia Composite PMI rose to 50.5 in September 2020 from 49.4 in August, a preliminary estimate showed. The reading pointed to an expansion in private sector activity after dropping into contraction territory in the previous month as coronavirus containment measures were eased in parts of the country. Manufacturing output growth went up to an over two-year high (PMI at 55.5 vs PM 53.6 in August) and services activities rose (PMI at 50 vs 49). New orders rebounded while export sales dropped for the eight consecutive month albeit at the slowest pace in the current sequence of decline. In contrast, the job shedding rate accelerated. On the price front, input cost inflation rose driven by higher prices of raw materials and wages and increased transportation fees, while output charges fell slight. Finally, sentimpent improved to an over two-year high boosted by optimism over a rise in output amid the easing of restrictions and market conditions return to normality.
2020-09-22
Australia August Composite PMI Revised Up
The Commonwealth Bank Composite PMI for Australia was revised higher to 49.4 in August from a flash estimate of 48.8 and compared to July's 57.8. The reading pointed to a contraction in private sector activity after two months of growth, amid renewed lockdown measures in Victoria following a resurgence of coronavirus cases. The downturn was primarily driven by the service sector, while manufacturing output continued to rise albeit at a softer pace.
2020-09-02

Australia Markit Composite PMI
In Australia, the IHS Markit Australia Composite PMI Output Index is a GDP-weighted average of the Commonwealth Bank Manufacturing Output Index and the Commonwealth Bank Services Business Activity Index. It tracks changes in business activity in the Australian private sector economy as a whole. A reading above 50 indicates expansion in business activity while below 50 points to contraction. .