Composite Pmi in Australia decreased to 49.60 points in December from 49.70 points in November of 2019. Composite Pmi in Australia averaged 53.52 points from 2016 until 2019, reaching an all time high of 58.30 points in March of 2017 and a record low of 49.10 points in February of 2019. source: Markit Economics
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 52.50 in 12 months time. In the long-term, the Australia Commonwealth Bank Composite PMI is projected to trend around 54.00 points in 2020, according to our econometric models.