The Australian Performance of Services Index went up to 51.7 in March of 2017 from 49.0 in February. Three of the five activity sub-indexes expanded: sales (53.8 from 46.8 in the prior month), new orders (52.3 from 49.8) and employment (55.0 from 49.2). In contrast, stocks continued to shrink while supplier deliveries fell into contraction. Services PMI in Australia averaged 48.34 Index Points from 2009 until 2017, reaching an all time high of 57.70 Index Points in December of 2016 and a record low of 39 Index Points in August of 2013.
Please Paste this Code in your Website
The Australian Industry Group Australian Performance of Services Index (Australian PSI®) is a leading indicator of services activity in the Australian economy. The Australian PSI is a seasonally adjusted national composite index based on the diffusion indices for sales, orders/new business, deliveries, inventories and employment with varying weights. An Australian PSI® reading above 50 points indicates that services activity is generally expanding; below 50, that it is declining. The distance from 50 is indicative of the strength of the expansion or decline. Results are based on a sample of around 200 companies each month. 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. Australia Performance Services Index – actual data, historical chart and calendar of releases – was last updated on April of 2017.