The AIG Performance of Services Index in Australia improved marginally to 44.5 in February 2019 from 44.3 in January, pointing to the second consecutive month of contraction in the services sector since February of 2017. Supplier deliveries (up 10.6 points to 50.9) and finished stocks (up 3.3 points to 55) increased. Also, employment rose 1.8 points to 49.3, still remaining in contraction territory. On the other hand, new orders plunged 6.9 points to 38.5, and sales contracted 1.5 points to 37.8. On the price front, input prices fell 3 points to 60.2 and selling prices 3.6 points to 43.4. Meantime, average wages fell 2.2 points to 53.0 while capacity utilization edged up 1.6 percent to 78.4 percent. Services PMI in Australia averaged 50.24 Index Points from 2003 until 2019, reaching an all time high of 63 Index Points in June of 2018 and a record low of 32.50 Index Points in February of 2009.

Services PMI in Australia is expected to be 44.20 Index 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 51.20 in 12 months time. In the long-term, the Australia Performance Services Index is projected to trend around 52.20 Index Points in 2020, according to our econometric models.

Australia Performance Services Index
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Australia Business Last Previous Highest Lowest Unit
Business Confidence 2.00 4.00 21.00 -30.00 Index Points [+]
Manufacturing PMI 54.00 52.50 62.50 29.47 [+]
Services PMI 44.50 44.30 63.00 32.50 Index Points [+]
Industrial Production 2.80 4.30 12.60 -7.60 percent [+]
Industrial Production Mom -0.80 0.70 5.10 -7.00 percent [+]
Manufacturing Production -0.70 2.10 8.60 -11.80 percent [+]
Capacity Utilization 80.87 81.45 84.62 78.24 percent [+]
New Orders 34.00 31.00 49.00 -37.00 Index Points [+]
Changes in Inventories 685.00 -9.00 4159.00 -3848.00 AUD Million [+]
Bankruptcies 470.00 564.00 1123.00 217.00 Companies [+]
Corporate Profits 90060.00 89305.00 90060.00 12032.00 AUD Million [+]
Total Vehicle Sales 87528.00 93860.00 130300.00 48099.00 [+]
Car Registrations 14078.61 13815.11 14078.61 3990.94 Thousand [+]
Leading Economic Index 0.00 0.10 0.54 -1.10 percent [+]
Small Business Sentiment -1.12 -4.01 18.71 -21.10 [+]
Internet Speed 11063.10 10098.33 11063.10 1922.87 KBps [+]
IP Addresses 9859878.00 9310525.00 13859005.00 5227461.00 IP [+]
Private Investment 2.00 0.00 15.60 -8.60 percent [+]
Mining Production 6.10 6.30 25.20 -16.90 percent [+]
Steel Production 467.88 449.34 819.00 238.00 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 78.85 78.17 78.85 5.08 Points [+]
Competitiveness Rank 14.00 15.00 22.00 14.00 [+]
Composite Pmi 50.00 49.70 58.30 49.70 Index Points [+]
Business Inventories -0.20 -0.10 2.80 -2.80 percent [+]
Ease of Doing Business 18.00 14.00 18.00 9.00 [+]


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. 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. Australia Performance Services Index - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
44.50 44.30 63.00 32.50 2003 - 2019 Index Points Monthly
SA




Country Last Previous
Australia 44.50 Feb/19
Brazil 52.20 Feb/19
China 51.10 Feb/19
Euro Area 52.70 Mar/19
France 48.70 Mar/19
Germany 54.90 Mar/19
India 52.50 Feb/19
Italy 50.40 Feb/19
Japan 52.30 Feb/19
Russia 55.30 Feb/19
Spain 54.50 Feb/19
United Kingdom 51.30 Feb/19
United States 54.80 Mar/19


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