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. source: S&P Global

Composite PMI in Australia decreased to 49.40 points in November from 50.20 points in October of 2024. Composite PMI in Australia averaged 51.70 points from 2016 until 2024, 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.

Composite PMI in Australia decreased to 49.40 points in November from 50.20 points in October of 2024. Composite PMI in Australia is expected to be 50.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.



Components Last Previous Unit Reference
Judo Bank Manufacturing PMI 49.40 47.30 points Nov 2024
Judo Bank Services PMI 49.60 51.00 points Nov 2024

Related Last Previous Unit Reference
NAB Business Confidence 5.00 -2.00 points Oct 2024
Passenger Car Sales 15527.00 14488.00 Units Oct 2024
Industrial Production -0.10 0.60 percent Jun 2024
Industrial Production Mom 0.10 0.30 percent Jun 2024
Ai Group Industry Index -28.80 -18.60 points Oct 2024
Ai Group Services Index -24.40 -13.50 points Oct 2024
Ai Group Manufacturing Index -19.70 -33.60 points Oct 2024
Manufacturing Production 0.20 -0.10 percent Jun 2024
Small Business Sentiment -12.00 -4.00 points Sep 2024

Australia Judo Bank Composite PMI
The Judo Bank Australia Composite Output Index, which is a weighted average of the Manufacturing Output Index and the Services Business Activity Index, is compiled by S&P Global from responses to questionnaires sent to survey panels of manufacturers and service providers in Australia. The index tracks variables such as sales, new orders, employment, inventories and prices; and 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 Private Sector Slightly Contracts in November
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.
2024-11-21
Australia Private Sector Activity Rises to 2-Month High in October
The Judo Bank Australia Composite PMI Output Index rose to 50.2 in October, up from 49.6 in a month earlier, signaling a slight uptick in Australia’s private sector output for the second time in three months. Although the reading crossed the neutral mark of 50.0, the growth rate was minimal, as an increase in services activity nearly balanced out the continued decline in manufacturing production. This divergence in sector performance was also evident in new orders and employment, where the stronger performance of services outweighed ongoing difficulties in manufacturing. Cost pressures eased in both sectors, but companies opted to increase selling prices more rapidly in October. The overall output inflation rate rose to its highest level in three months, matching the long-term average. At the start of the final quarter, optimism in the Australian private sector grew, fueled by broad-based improvements in confidence.
2024-11-04
Australia Private Sector Activity Rises to 2-Month High
The Judo Bank Australia Composite PMI Output Index inched higher to 49.8 in October, from 49.6 in September, flash readings showed. This indicates a second consecutive month of declining private sector output, though the decrease was marginal and less pronounced than before. This stabilization concealed notable sector disparities, as a significant drop in manufacturing output outweighed a robust increase in services activity. Overall new orders rose for the third straight month, driven by strong services growth, while both sectors experienced a decline in export business. In response to increasing new business, Australian firms boosted hiring in October, aiding the clearance of existing orders. Average input costs rose at their slowest pace in four years, reflecting easing pressures, while firms maintained steady selling prices amid growing optimism about future conditions.
2024-10-23