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.

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Australia Markit Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
58.00 58.90 58.90 21.70 2016 - 2021 points Monthly
SA


News Stream
Australia Composite PMI Eases from Records
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.
2021-06-02
Australia Composite PMI Inches Down in May
The IHS Markit Australia Composite PMI fell to 58.1 in May of 2021 from a record 58.8 in the previous month, preliminary data showed. The rate of business activity expansion eased marginally from that seen in April, while demand continued to improve noticeably, encouraging businesses to hire extra staff at a record pace. Price pressures persisted in May, with both input cost and output charge inflation reaching new records.
2021-05-20
Australia Composite PMI Grows Further
The IHS Markit Australia Composite PMI increased to 58.9 in April of 2021 from 55.5 in the previous month and compared to a preliminary estimate of 58.8. Growth was driven by a sustained increase in manufacturing output and a record rise in services activity, while firmer demand conditions favoured private sector firms to raise employment levels in both sectors. On the price front, input cost advanced at a record pace, and consequently, output charges rose at the fastest pace since December 2017.
2021-05-05
Australia Composite PMI Grows Further
The IHS Markit Australia Composite PMI increased to a record 58.8 in April of 2021 from 55.5 in the previous month, preliminary data showed. 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, the rate of inflation reached a survey record for both manufacturing and services.
2021-04-22

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. .