The Commonwealth Bank Services PMI in Australia rose to 52.4 in September 2019 from 49.1 in the previous month, but slightly below a flash estimate and market expectations of 52.5, final estimates showed. The latest reading pointed to the strongest expansion in the services sector in three months, as new orders increased at the steepest pace since June, driven by marketing activities and low interest rates. Also, export orders advanced boosted by a weaker currency and service providers expanded their workforce numbers for the second straight month. On the price front, input cost inflation accelerated, mainly due to higher prices of energy, wage increases and drought-related disruptions while output charges rose at the softest pace in five months. Finally, sentiment improved about the outlook, as the Business Expectations Index went up to a 13-month high, amid improved economic conditions, an anticipated recovery in the housing market, promotional activites and new service offerings. Services Sentiment in Australia is reported by Markit Economics.

Australia Commonwealth Bank Services PMI
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Calendar GMT Actual Previous Consensus TEForecast
2019-08-21 11:00 PM CommBank Services PMI Flash Aug 49.2 52.3 51.8
2019-09-03 11:00 PM CommBank Services PMI Final Aug 49.1 52.3 49.2 49.2
2019-09-22 11:00 PM CommBank Services PMI Flash Sep 52.5 49.1 52.5 49.7
2019-10-02 11:00 PM CommBank Services PMI Final Sep 52.4 49.1 52.5 52.5
2019-10-23 10:00 PM CommBank Services PMI Flash Oct 52.4 52.2 52.1
2019-11-04 10:00 PM CommBank Services PMI Final Oct 52.4 51.8
2019-11-21 10:00 PM CommBank Services PMI Flash Nov


Australia Business Last Previous Highest Lowest Unit
Business Confidence 0.00 1.00 21.00 -30.00 Index Points [+]
Services PMI 51.50 51.40 63.00 32.50 Index Points [+]
Manufacturing PMI 54.70 53.10 62.50 29.47 [+]
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 81.87 82.04 84.62 78.24 percent [+]
New Orders 25.00 36.00 49.00 -37.00 Index Points [+]
Changes in Inventories -1982.00 559.00 4159.00 -3848.00 AUD Million [+]
Bankruptcies 778.00 846.00 1123.00 217.00 Companies [+]
Corporate Profits 98026.00 93796.00 98026.00 12032.00 AUD Million [+]
Total Vehicle Sales 88181.00 85633.00 130300.00 48099.00 [+]
Car Registrations 14330.43 14078.57 14330.43 3990.94 Thousand [+]
Leading Economic Index -0.09 -0.19 0.54 -1.11 percent [+]
Small Business Sentiment 0.84 -4.92 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 -0.50 -1.30 15.70 -8.60 percent [+]
Mining Production 6.50 3.80 25.20 -16.90 percent [+]
Industrial Sentiment 50.30 50.90 57.20 50.30 Index Points [+]
Services Sentiment 52.40 49.10 58.40 48.70 Index Points [+]
Steel Production 500.70 428.70 819.00 238.00 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 52.00 49.30 58.30 49.10 Index Points [+]
Business Inventories -0.90 0.80 2.80 -2.80 percent [+]
Ease of Doing Business 18.00 14.00 18.00 9.00 [+]


Australia Commonwealth Bank Services PMI

The Commonwealth Bank Services PMI is based on data compiled from monthly replies to questionnaires sent to a representative panel of purchasing executives in over 400 private sector services firms in Australia. The panel is stratified by GDP and company workforce size. The services sector is divided into the following five broad categories: Transport & Storage, Consumer Services, Information & Communication, Finance & Insurance and Real Estate & Business Services. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides - Australia Commonwealth Bank Services PMI- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Commonwealth Bank Services PMI - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.40 49.10 58.40 48.70 2016 - 2019 Index Points Monthly
SA




Country Last Previous
Australia 52.40 Sep/19
Euro Area 9.50 Sep/19
Singapore 2.00 Jun/19


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