The S&P Global Australia Services PMI Business Activity Index was revised higher to 50.8 in December 2024, up from preliminary estimates of 50.4 and after a final reading of 50.5 in November. The latest figure signaled an eleventh successive monthly expansion in the sector, supported by strengthening market demand, with foreign sales rising for the first time in four months. However, employment fell for the first time since August 2021 as capacity pressures softened. On prices, input cost inflation accelerated to a three-month high due to higher material, transport, and wage costs. As a result, output cost inflation rose as firms shared additional cost burdens with clients. Finally, business sentiment improved to the highest level since May 2022, due to hopes of greater output growth amid prospects for lower interest rates. source: S&P Global

Services PMI in Australia increased to 50.80 points in December from 50.50 points in November of 2024. Services PMI in Australia averaged 51.62 points from 2016 until 2024, reaching an all time high of 58.80 points in April of 2021 and a record low of 19.50 points in April of 2020. This page provides the latest reported value for - Australia Performance Services Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Services PMI in Australia increased to 50.80 points in December from 50.50 points in November of 2024. Services PMI in Australia is expected to be 51.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia S&P Global Services PMI is projected to trend around 52.60 points in 2026, according to our econometric models.




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Business Inventories -0.90 0.50 percent Sep 2024
Capacity Utilization 82.40 82.40 percent Nov 2024
Passenger Car Sales 14005.00 13621.00 Units Dec 2024
Changes in Inventories -712.00 2011.00 AUD Million Sep 2024
Composite Leading Indicator 100.41 100.29 points Nov 2024
Company Gross Profits 121855.00 127748.00 AUD Million Sep 2024
Corruption Index 75.00 75.00 Points Dec 2023
Corruption Rank 14.00 13.00 Dec 2023
Industrial Production 0.10 -0.30 percent Sep 2024
Industrial Production Mom 0.60 0.10 percent Sep 2024
Ai Group Industry Index -10.80 -28.80 points Nov 2024
Ai Group Services Index -3.50 -24.40 points Nov 2024
Ai Group Construction Index -19.00 -40.90 points Nov 2024
Ai Group Manufacturing Index -17.90 -19.70 points Nov 2024
Westpac Leading Index MoM 0.10 0.20 percent Nov 2024
Manufacturing Production -0.60 -0.20 percent Sep 2024
Mining Production -0.80 -0.40 percent Sep 2024
New Orders 7.00 10.00 points Sep 2024
Plant Machinery Capital Expenditure 1.10 -1.00 percent Sep 2024
Private Capital Expenditure 1.10 -2.20 percent Sep 2024
Small Business Sentiment -12.00 -4.00 points Sep 2024
New Vehicle Sales 95895.00 99091.00 Units Dec 2024

Australia S&P Global Services PMI
The S&P Global Australia Services PMI is compiled by S&P Global from responses to questionnaires sent to a panel of around 400 service sector companies. The sectors covered include consumer (excluding retail), transport, information, communication, finance, insurance, real estate and business services. The headline figure is the Services Business Activity Index. This is a diffusion index calculated from a question that asks for changes in the volume of business activity compared with one month previously. The Services Business Activity Index is comparable to the Manufacturing Output Index. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.


News Stream
Australia S&P Global Services PMI Revised Upward
The S&P Global Australia Services PMI Business Activity Index was revised higher to 50.8 in December 2024, up from preliminary estimates of 50.4 and after a final reading of 50.5 in November. The latest figure signaled an eleventh successive monthly expansion in the sector, supported by strengthening market demand, with foreign sales rising for the first time in four months. However, employment fell for the first time since August 2021 as capacity pressures softened. On prices, input cost inflation accelerated to a three-month high due to higher material, transport, and wage costs. As a result, output cost inflation rose as firms shared additional cost burdens with clients. Finally, business sentiment improved to the highest level since May 2022, due to hopes of greater output growth amid prospects for lower interest rates.
2025-01-05
Australia Services Activity Growth Softens
The Judo Bank Australia Services PMI Business Activity Index edged down to 50.4 in December 2024 from 50.5 in November, flash data showed. The latest figure indicated a sustained, though marginal, expansion in the Australian service sector, and marked the joint-softest in the 11-month sequence, matching July’s reading. New business growth continued, but firms notably reduced staffing levels. On prices, service providers raised selling prices in December following an uptick in input costs. Looking ahead, service providers were more optimistic at year-end, hoping that lower interest rates and increased business development will drive growth next year.
2024-12-16
Australia Services Activity Remains in Expansion During November
The Judo Bank Australia Services PMI Business Activity Index fell to 50.5 in November, slightly down from 51 in October, according to final readings. This marks the tenth consecutive month of growth in business activity, but the pace of expansion softened slightly. Higher demand and successful business development efforts fueled the growth of new business, especially in domestic markets. The information and communication sector led the way with the fastest growth in new work. Employment levels also increased, allowing firms to address rising workloads and reduce unfinished orders. However, despite a quicker rate of input price inflation, firms were hesitant to pass on the increased costs to customers due to heightened competition, opting instead to absorb some of the price rises to maintain sales. This led to the lowest rate of selling price inflation since December 2020.
2024-12-03