Higher numbers than forecast tend to be bullish for AUD/xxx pairs and bearish for xxx/AUD pairs.
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.
The most recent announced value for S&P Global Services PMI was 54.1 against a forecast of 53.8.
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:
Previous | Latest | ||||
---|---|---|---|---|---|
S&P Global Composite PMI | Bullish change | 53.6 | 53.8 | ||
Producer Price Index (YoY) | Bearish change | 3.7% | 3.4% | ||
Building Permits (MoM) | Bullish change | 2.2% | 11.9% | ||
Retail Sales (QoQ) | Bullish change | 0.1% | 0.3% | ||
Retail Sales s.a. (MoM) | Bullish change | 0.5% | 1.2% | ||
Consumer Price Index (QoQ) | Bearish change | 0.9% | 0.7% | ||
Consumer Price Index (YoY) | Bearish change | 2.4% | 2.1% | ||
RBA Trimmed Mean CPI (QoQ) | Bearish change | 0.7% | 0.6% | ||
RBA Trimmed Mean CPI (YoY) | Bearish change | 2.9% | 2.7% | ||
S&P Global Composite PMI | Bullish change | 51.6 | 53.6 | ||
S&P Global Manufacturing PMI | Bullish change | 50.6 | 51.6 |
Country: | Australia |
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Currency: | AUD |
Source: | IHS Markit |
Category: | Economic Activity |
Frequency: | Monthly |