Australia Composite PMI

Last Release

Jul 31, 2024

Actual

49.9

Units In

Points

50.7

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
58.9 Apr 2021	21.7 Apr 2020	51.76 Points	2016-2024	Markit Economics

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. .

Latest Updates

he S&P Global Flash Australia PMI Composite Output Index fell to 49.4 in November from 50.2 in October, signaling a slight contraction in private sector output for the second time in three months, flash data showed. The decline was driven by a reduction in services activity and a continued contraction in manufacturing. New business growth slowed, with domestic demand driving a modest increase while export business fell for a third consecutive month. Backlogs of work decreased, indicating less pressure on business capacity, which led to slower job creation. Price pressures eased, with input prices rising at the slowest pace in over four years, and manufacturing cost inflation fell to its lowest since June 2023. Businesses raised selling prices more slowly, reflecting eased cost pressures. Business confidence in the service sector remained below the long-run average but rose to its highest level since August 2023, with firms expressing cautious optimism for the future.