The IHS Markit Australia Composite PMI decreased to 58.0 in May of 2021 from 58.9 in the previous month and compared to a preliminary estimate of 58.1. Still, overall business activity growth was driven by sustained increases in manufacturing output and services activity, while firmer demand conditions favoured private sector firms to raise employment levels in both sectors. On the price front, both input and output prices advanced at a record pace. source: Markit Economics
Composite PMI in Australia averaged 52.48 points from 2016 until 2021, reaching an all time high of 58.90 points in April of 2021 and a record low of 21.70 points in April of 2020. This page provides - Australia Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Markit Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Composite PMI in Australia is expected to be 59.00 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 52.00 in 12 months time. In the long-term, the Australia Markit Composite PMI is projected to trend around 53.70 points in 2022, according to our econometric models.