The Australian Industry Group Australian Performance of Services Index declined to 46.6 in January 2020 from 48.7 in the previous month. The latest reading pointed to the sharpest contraction in the services sector in six months, amid a widespread drought, bushfires and the coronavirus outbreak. Output declined further (-0.4 points to 46.7); and employment dropped into contraction territory for the first time since July (-3.5 points to 48.8). Meantime, new orders (+0.7 points to 47.5) and supplier deliveries (+1 point to 44.5) rose. On the price front, input price pressures moderated through late 2019 and are now below their long-run average while output prices were broadly stable. "The January result represents a deepening of the contraction recorded in December and reflects an underlying sluggishness in local business activity, exacerbated by a summer marred by widespread drought, bushfires and the initial impacts of the Coronavirus,” said Ai Group Chief Executive, Innes Willox.

Services PMI in Australia averaged 50.21 points from 2003 until 2020, reaching an all time high of 63 points in June of 2018 and a record low of 32.50 points in February of 2009. 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. source: Australian Industry Group

Services PMI in Australia is expected to be 48.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in Australia to stand at 52.20 in 12 months time. In the long-term, the Australia Performance Services Index is projected to trend around 53.00 points in 2021, according to our econometric models.


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Australia Performance Services Index

Actual Previous Highest Lowest Dates Unit Frequency
46.60 48.70 63.00 32.50 2003 - 2020 points Monthly
SA


News Stream
Australia Services Activity Shrinks the Most in 6 Months
The Australian Industry Group Australian Performance of Services Index declined to 46.6 in January 2020 from 48.7 in the previous month. The latest reading pointed to the sharpest contraction in the services sector in six months, amid a widespread drought, bushfires and the coronavirus outbreak. Output declined further (-0.4 points to 46.7); and employment dropped into contraction territory for the first time since July (-3.5 points to 48.8). Meantime, new orders (+0.7 points to 47.5) and supplier deliveries (+1 point to 44.5) rose. On the price front, input price pressures moderated through late 2019 and are now below their long-run average while output prices were broadly stable. "The January result represents a deepening of the contraction recorded in December and reflects an underlying sluggishness in local business activity, exacerbated by a summer marred by widespread drought, bushfires and the initial impacts of the Coronavirus,” said Ai Group Chief Executive, Innes Willox.
2020-02-06
Australia Services PMI Dips to Contraction
The Australian Industry Group Australian Performance of Services Index declined to 48.7 points in December 2019 from 53.7 a month earlier, adding to calls for stimulus. It marked the first month of decline following four months of positive prints. The sales index fell 2.8 points to 49.6, while the new orders index plummeted 10.3 points to 48.2. Inventories (down 4.4 points to 43.1) and deliveries (down 7.9 points to 42.8) also both declined after remaining stable in the previous month, while the employment index stayed positive (down 0.2 points to 54.2). On the price front, the input prices index fell 3.1 points to 60 and the selling prices index declined 5.6 points to 46.7.
2020-01-09
Australia Service Sector Gains Steam: AIG
The AIG Australian Performance of Services Index climbed to 54.2 in October 2019 from 51.5 in the previous month. New orders rose 0.4 points to 55.0, and sales advanced 7.5 points to 56.1. In addition, employment jumped 4.2 points to 54.7. On the price front, input prices edged down 0.8 points to 59.3, and selling prices decreased 1.5 points to 44.5. Meanwhile, the most dynamic sectors were finance & insurance (up 3.4 points to 63.8) and transport & storage (up 1.8 points to 52.0). In contrast, wholesale trade fell 3.6 points to 38.7.
2019-11-04
Australia Performance Services Index Edges Up
The AIG Australian Performance of Services Index inched up to 51.5 in September 2019 from 51.4 in the previous month. New orders rose 3.2 points to 54.6, and sales advanced 1.1 points to 48.6, still remaining in contraction territory. In contrast, employment declined 4.7 points to 50.5. On the price front, input prices fell 3.3 points to 60.1, and selling prices decreased 1.5 points to 46. Meanwhile, the most dynamic sectors were health & education (+0.1 to 62.8) and finance & insurance (+2.5 to 57.8). In contrast, wholesale trade fell 3.2 points to 43.3.
2019-10-02

Australia Performance Services Index
The Australian Industry Group Australian Performance of Services Index (Australian PSI®) is a leading indicator of services activity in the Australian economy. The Australian PSI is a seasonally adjusted national composite index based on the diffusion indices for sales, orders/new business, deliveries, inventories and employment with varying weights. An Australian PSI® reading above 50 points indicates that services activity is generally expanding; below 50, that it is declining. The distance from 50 is indicative of the strength of the expansion or decline. Results are based on a sample of around 200 companies each month.