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.