S&P Global Services PMI

The PMI service released by both the Commonwealth Bank of Australia and the Markit Economics is an indicator of the economic situation in the Australian services sector. It captures an overview of the condition of sales and employment. Traders want the highest possible reading as that will be taken as positive for the AUD. Any reading above 50 signals expansion, while a reading under 50 shows contraction.

Most recent - Wednesday 2 October 2024 23:00

Previous
50.6
Revised
-
Forecast
50.6
Actual
50.5

Lower numbers than forecast tend to be bullish for xxx/AUD pairs and bearish for AUD/xxx pairs.

Next event - Wednesday 23 October 2024 22:00

Previous
-
Forecast
-
Actual
-

The typical/expected impact on AUD pairs is medium.

There is no forecast value for S&P Global Services PMI yet - check back for updates.

Trading range

Forecast history

The most recent announced value for S&P Global Services PMI was 50.5 against a forecast of 50.6.

Past events

Date
Forecast
Actual
Wednesday 2 October 2024 23:00
50.6
50.5
Sunday 22 September 2024 23:00
-
50.6
Tuesday 3 September 2024 23:00
52.2
52.5
Wednesday 21 August 2024 23:00
-
52.2
Sunday 4 August 2024 23:00
50.8
50.4
Tuesday 23 July 2024 23:00
-
50.8
Tuesday 2 July 2024 23:00
50.6
51.2
Thursday 20 June 2024 23:00
-
51
Tuesday 4 June 2024 23:00
53.1
52.5
Wednesday 22 May 2024 23:00
-
53.1
Thursday 2 May 2024 23:00
54.2
53.6
Monday 22 April 2024 23:00
-
54.2
Wednesday 3 April 2024 22:00
-
54.4
Wednesday 20 March 2024 22:00
-
53.5
Monday 4 March 2024 22:00
-
53.1
Wednesday 21 February 2024 22:00
-
52.8
Sunday 4 February 2024 22:00
-
49.1
Tuesday 23 January 2024 22:00
-
47.9
Wednesday 3 January 2024 22:00
47.6
47.1
Thursday 14 December 2023 22:00
-
47.6
Monday 4 December 2023 22:00
46.3
46
Wednesday 22 November 2023 22:00
-
46.3
Thursday 2 November 2023 22:00
47.6
47.9
Monday 23 October 2023 22:00
-
47.6
Tuesday 3 October 2023 22:00
50.5
51.8
Thursday 21 September 2023 23:00
-
50.5
Monday 4 September 2023 23:00
46.7
47.8
Tuesday 22 August 2023 23:00
47.9
46.7
Wednesday 2 August 2023 23:00
-
47.9
Sunday 23 July 2023 23:00
-
48
Tuesday 4 July 2023 23:00
50.7
50.3
Thursday 22 June 2023 23:00
50.1
50.7
Sunday 4 June 2023 23:00
51.8
52.1
Monday 22 May 2023 23:00
48.9
51.8
Tuesday 2 May 2023 23:00
52.6
53.7
Thursday 20 April 2023 23:00
-
52.6
Tuesday 4 April 2023 23:00
-
50.7
Thursday 23 March 2023 22:00
49.9
48.2
Thursday 2 March 2023 22:00
49.2
50.7
Monday 20 February 2023 22:00
48.4
49.2
Thursday 2 February 2023 22:00
48.3
48.6
Monday 23 January 2023 22:00
49.7
48.3
Wednesday 4 January 2023 22:00
46.9
47.3
Thursday 15 December 2022 22:00
-
46.9
Sunday 4 December 2022 22:00
47.2
47.6
Tuesday 22 November 2022 22:00
49.1
47.2
Wednesday 2 November 2022 22:00
49
49.3
Sunday 23 October 2022 22:00
50.5
49
Tuesday 4 October 2022 22:00
50.4
50.6
Thursday 22 September 2022 23:00
47.7
50.4
Sunday 4 September 2022 23:00
49.6
50.2
Monday 22 August 2022 23:00
54
49.6
Tuesday 2 August 2022 23:00
50.4
50.9
Thursday 21 July 2022 23:00
55
50.4
Monday 4 July 2022 23:00
52.6
52.6
Wednesday 22 June 2022 23:00
49.1
52.6
Thursday 2 June 2022 23:00
53
53.2
Monday 23 May 2022 23:00
52.2
53
Tuesday 3 May 2022 23:00
56.6
56.1
Thursday 21 April 2022 23:00
58.5
56.6
Monday 4 April 2022 23:00
57.9
55.6
Wednesday 23 March 2022 22:00
62.7
57.9
Wednesday 2 March 2022 22:00
56.4
57.4
Sunday 20 February 2022 22:00
42.6
56.4
Wednesday 2 February 2022 22:00
45
46.6
Sunday 23 January 2022 22:00
51.8
45
Wednesday 5 January 2022 22:00
55.1
55.1
Wednesday 15 December 2021 22:00
-
55.1
Thursday 2 December 2021 22:00
55
55.7
Monday 22 November 2021 22:00
52.7
55
Tuesday 2 November 2021 22:00
52
51.8
Thursday 21 October 2021 22:00
51.1
52
Monday 4 October 2021 22:00
44.9
45.5

Economic context

Recent economic data has been broadly neutral for AUD. Other recent announcements which may affect the market's interpretation of the next S&P Global Services PMI result:

PreviousLatest
Exports (MoM)Bearish change0.3%-0.2%
Imports (MoM)Bullish change-0.6%-0.2%
Trade Balance (MoM)Bullish change5636M5644M
Judo Bank Composite PMIBearish change49.849.6
AiG Industry IndexBullish change-23.5-18.6
Retail Sales s.a. (MoM)Bullish change0.1%0.7%
Building Permits (MoM)Bearish change11%-6.1%
RBA Interest Rate Decision(no change)4.35%4.35%
Judo Bank Composite PMIBearish change51.749.8
Judo Bank Manufacturing PMIBearish change48.546.7

About S&P Global Services PMI

Country:Australia
Currency:AUD
Source:IHS Markit
Category:Economic Activity
Frequency:Monthly

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