The IHS Markit Australia Composite PMI was revised lower to 43.3 in August of 2021 from a preliminary estimate of 43.5 and compared to July's 45.2. This was the second straight month of contraction in the private sector and at the steepest pace in 15 months, reflecting the continued toll that the Delta COVID-19 wave is taking on Australia’s economy. Manufacturing output followed services into contraction after thirteen months of expansion, while business activity in the service sector suffered a more severe downturn amid extended lockdown conditions across many parts of Australia. New orders also decreased. At the same time, strong price pressures persisted, as COVID-19 mobility restrictions led to shipping delays and shortages. Looking on the bright side, firms were slightly more optimistic and hopeful for an eventual recovery in August compared to the prior month. source: Markit Economics

Composite PMI in Australia averaged 52.29 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 September of 2021.

Composite PMI in Australia is expected to be 45.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Markit Composite PMI is projected to trend around 53.70 points in 2022, according to our econometric models.

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Australia Markit Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
43.30 45.20 58.90 21.70 2016 - 2021 points Monthly
SA


News Stream
Australia Private Sector PMI Revised Lower: Markit
The IHS Markit Australia Composite PMI was revised lower to 43.3 in August of 2021 from a preliminary estimate of 43.5 and compared to July's 45.2. This was the second straight month of contraction in the private sector and at the steepest pace in 15 months, reflecting the continued toll that the Delta COVID-19 wave is taking on Australia’s economy. Manufacturing output followed services into contraction after thirteen months of expansion, while business activity in the service sector suffered a more severe downturn amid extended lockdown conditions across many parts of Australia. New orders also decreased. At the same time, strong price pressures persisted, as COVID-19 mobility restrictions led to shipping delays and shortages. Looking on the bright side, firms were slightly more optimistic and hopeful for an eventual recovery in August compared to the prior month.
2021-09-02
Australia Composite PMI Lowest in 15 Months: Markit
The IHS Markit Australia Composite PMI fell to 43.5 in August 2021 from a final 45.2 a month earlier, a flash estimate showed. This was the second straight month of contraction in the private sector and the steepest pace in 15 months, reflecting the continued toll that the Delta COVID-19 wave is taking on Australia’s private sector economy. Manufacturing sector output notably fell for the first time since June 2020, joining the service sector in contraction. New orders, both domestic and foreign, continued to decline while employment conditions worsened. At the same time, the rate of input price inflation remained historically elevated, while output charges rose at a faster pace in August. Looking ahead, sentiment improved, supported by vaccination progress and the eventual decline of infections.
2021-08-22
Australia Composite PMI Falls Back to Contractionary Territory
The IHS Markit Australia Composite PMI decreased to a 14-month low of 45.2 in July of 2021 from 56.7 in the previous month, the final reading showed. It was also the first contraction since August 2020, as private sector output and demand across both the manufacturing and services sectors declined.
2021-08-03
Australia Composite PMI Falls Back to Contractionary Territory
The IHS Markit Australia Composite PMI decreased to a 14-month low of 45.2 in July of 2021 from a revised 56.7 in the previous month, preliminary data showed. It was also the first contraction since August 2020, as private sector output and demand across both the manufacturing and services sectors eased. Employment conditions remained positive, although the pace of job creation slowed sharply from June.
2021-07-22

Australia Markit Composite PMI
In Australia, the IHS Markit Australia Composite PMI Output Index is a GDP-weighted average of the Commonwealth Bank Manufacturing Output Index and the Commonwealth Bank Services Business Activity Index. It tracks changes in business activity in the Australian private sector economy as a whole. A reading above 50 indicates expansion in business activity while below 50 points to contraction. .