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.

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Australia Commonwealth Bank Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
49.60 49.70 58.30 49.10 2016 - 2019 points Monthly
SA


News Stream
2019-12-15
Australia Private Sector Weakens Further
The Commonwealth Bank Composite PMI in Australia dropped to 49.4 in December 2019 from 49.7 in the previous month, a preliminary reading showed. The reading indicated to a further marginal decrease in business activity across the manufacturing (PMI at 49.4 vs 49.9) and service sectors (PMI at 49.5 vs 49.7). Looking ahead, business sentiment regarding the 12-month outlook for business activity remained positive despite weakening slightly.

2019-12-03
Australia Composite PMI Revised to 49.7
The Commonwealth Bank Composite PMI in Australia declined to 49.7 in November 2019 from 50.0 in the previous month and 49.5 in the preliminary reading, final data showed. The reading indicated a contraction in activity for the first time in three months amid weaker performance from both manufacturing (PMI at 49.9 vs 50.0 in October) and service sectors (PMI at 49.7 vs 50.1).

2019-11-21
Australia Composite PMI Dips to Contraction
The Commonwealth Bank Composite PMI in Australia declined to 49.5 in November 2019 from 50.0 in the previous month, preliminary data showed. The reading indicated a contraction in activity for the first time in three months amid weaker performance from both manufacturing (PMI at 49.9 vs 50.0 in October) and service sectors (PMI at 49.5 vs 50.1).

2019-11-04
Australia Private Sector Stagnates in October
The Commonwealth Bank Composite PMI in Australia was revised lower to 50.0 in October 2019 from a preliminary print of 50.7 and compared to September's final 52.0. The reading indicated no change in private sector business activity at the start of the fourth quarter, amid weaker performance from both manufacturing (PMI at 50.0 vs 50.3 in September) and service sectors (PMI at 50.1 vs 52.4).

2019-10-23
Australia Private Sector Activity Growth Eases
The Commonwealth Bank Composite PMI in Australia fell to 50.7 in October 2019 from 52.0 in the previous month, preliminary data showed. The reading pointed to a softer expansion in the private sector, as both manufacturing output (PMI at 50.1 vs 50.3 in September) and the services activity (PMI at 50.8 vs 52.4) increased at a slower pace. Output went up at a weakest rate, as new orders growth eased to a six-month low. Meanwhile, the job creation rate rose marginally with staffing levels up only slightly across both the manufacturing and service sectors. Also, backlogs of work were unchanged, ended a 13-month sequence of accumulation. On the price front, input costs continued to rise at a marked pace, leading firms to increase their selling prices to the greatest extent since last November. Looking ahead, sentiment declined to the lowest level since March, in particular on the service sector

2019-10-02
Australia Private Activity Back to Expansion: Markit
The Commonwealth Bank Composite PMI in Australia increased to 52.0 in September 2019 from 49.3 in the previous month, higher than a preliminary estimate of 51.9, final data showed. The latest reading pointed to an expansion in the private sector after a contraction in August, as service activity rose to a positive territory (PMI at 52.4 from 49.1 in August) while manufacturing output growth slowed to a record low (PMI at 49.4 from 50.9).


Australia Commonwealth Bank Composite PMI
In Australia, the Commonwealth Bank of 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. .

Australia Business Last Previous Highest Lowest Unit
Business Confidence 0.00 2.00 21.00 -30.00 points [+]
Services PMI 48.70 53.70 63.00 32.50 points [+]
Manufacturing PMI 48.30 48.10 62.50 29.47 points [+]
Industrial Production 1.90 1.30 12.60 -7.60 percent [+]
Industrial Production Mom 1.20 0.70 5.20 -7.10 percent [+]
Manufacturing Production -3.10 -1.70 8.60 -11.80 percent [+]
Capacity Utilization 81.07 81.68 84.62 78.24 percent [+]
New Orders 31.00 25.00 49.00 -37.00 points [+]
Changes in Inventories -941.00 -1366.00 4265.00 -3885.00 AUD Million [+]
Bankruptcies 748.00 741.00 1123.00 217.00 Companies [+]
Corporate Profits 97460.00 98235.00 98235.00 12032.00 AUD Million [+]
Total Vehicle Sales 84239.00 84708.00 130300.00 48099.00 [+]
Car Registrations 14330.43 14078.57 14330.43 3990.94 Thousand [+]
Leading Economic Index -0.09 -0.15 0.54 -1.11 percent [+]
Small Business Sentiment 1.21 0.84 18.55 -21.17 [+]
Internet Speed 11063.10 10098.33 11063.10 1922.87 KBps [+]
IP Addresses 9859878.00 9310525.00 13859005.00 5227461.00 IP [+]
Industrial Sentiment 49.20 49.90 57.20 49.20 points [+]
Private Investment -0.20 -0.60 15.70 -8.50 percent [+]
Mining Production 6.50 3.80 25.20 -16.90 percent [+]
Services Sentiment 49.80 49.70 58.40 48.70 points [+]
Steel Production 448.33 488.24 819.00 238.00 Thousand Tonnes [+]
Corruption Index 77.00 77.00 88.60 77.00 Points [+]
Corruption Rank 13.00 13.00 13.00 7.00 [+]
Competitiveness Index 78.75 78.85 78.85 5.08 Points [+]
Competitiveness Rank 16.00 14.00 22.00 14.00 [+]
Composite Pmi 49.60 49.70 58.30 49.10 points [+]
Business Inventories -0.40 -1.00 2.80 -2.80 percent [+]
Ease of Doing Business 14.00 18.00 18.00 9.00 [+]