S&P Global Composite PMI in Australia

S&P Global · Monthly · Importance

47.7 (Oct-26) ABS · index · Monthly · CSV

Period	index
Oct 2026	47.7
Sep 2026	51.3
Aug 2026	52.7
Jul 2026	53.2
Jun 2026	50.4
May 2026	48.7

Period	index
Oct 2026	-3.6

About this indicator

Source

S&P Global Market Intelligence

Frequency

Monthly

Release

Flash around the 24th of the current month, final on the third working day of the following month, 09:00 AEST (23:00 UTC the previous day).

What it is

The S&P Global Australia Composite PMI blends manufacturing output and services activity into a single diffusion index of the private sector. A reading above 50 signals expanding activity; below 50, contraction.

How it's calculated

A weighted average of the Manufacturing Output Index and the Services Business Activity Index, with weights based on each sector's share of GDP. It is drawn from a monthly survey of purchasing managers and seasonally adjusted.

Market implications

It is a leading indicator of Australia's cycle, released ahead of the national accounts. Markets treat it as the first read on activity each month, with an impact on the Australian dollar and on RBA expectations.

Limitations

A qualitative survey: it measures the direction of change, not its size. The sample is private firms and the seasonal adjustment factors are revised from time to time.