The AIG Performance of Services Index in Australia rose to 46.5 in April 2019 from 44.8 in March. The latest reading pointed to the weakest contraction in services activity in four months, as new orders (+2.3 points to 44.6); sales (+10.2 points to 48.7) and finished stocks (+4.6 points to 49.4) increased, still remaining in negative territory. Meanwhile, employment (-6.2 points to 46) and supplier deliveries (-1.8 points to 45.1) dropped. On the price front, input prices went down 1.0 points to 58.0 and selling prices fell 2.7 points to 42.1. Average wages plummeted 10.9 to 48.2 to stand way below its 12-month average of 59.0. Communications and retail trade posted the weakest sector prints at 28.9 and 37.7 points, respectively. Services PMI in Australia averaged 50.20 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 53.87 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 51.60 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 0.00 -0.10 21.00 -30.00 Index Points [+]
Manufacturing PMI 54.80 51.00 62.50 29.47 [+]
Services PMI 46.50 44.80 63.00 32.50 Index Points [+]
Industrial Production 2.80 3.00 12.60 -7.60 percent [+]
Industrial Production Mom -0.70 1.70 10.10 -10.90 percent [+]
Manufacturing Production -0.90 -0.60 8.60 -11.80 percent [+]
Capacity Utilization 81.12 80.97 84.62 78.24 percent [+]
New Orders 22.00 34.00 49.00 -37.00 Index Points [+]
Changes in Inventories 685.00 -9.00 4159.00 -3848.00 AUD Million [+]
Bankruptcies 718.00 629.00 1123.00 217.00 Companies [+]
Corporate Profits 90060.00 89305.00 90060.00 12032.00 AUD Million [+]
Total Vehicle Sales 75550.00 99442.00 130300.00 48099.00 [+]
Car Registrations 14330.43 14078.57 14330.43 3990.94 Thousand [+]
Leading Economic Index -0.10 0.20 0.54 -1.10 percent [+]
Small Business Sentiment -4.92 -1.60 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 [+]
Private Investment 2.00 0.00 15.60 -8.60 percent [+]
Mining Production 6.50 6.20 25.20 -16.90 percent [+]
Steel Production 424.24 385.17 819.00 238.00 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 49.50 58.30 49.10 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
46.50 44.80 63.00 32.50 2003 - 2019 Index Points Monthly
SA




Country Last Previous
Australia 46.50 Apr/19
Brazil 49.90 Apr/19
China 54.50 Apr/19
Euro Area 52.80 Apr/19
France 50.50 Apr/19
Germany 55.70 Apr/19
India 51.00 Apr/19
Italy 50.40 Apr/19
Japan 51.80 Apr/19
Russia 52.60 Apr/19
Spain 53.10 Apr/19
United Kingdom 50.40 Apr/19
United States 53.00 Apr/19


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