Australia S&P Global Services PMI in Australia

S&P Global · Monthly · Importance

47.8 (Oct-26) ABS · index · Monthly · CSV
-4.1 (Oct-26) MOM · index · Monthly · CSV
-4.7 (Oct-26) YOY · index · Monthly · CSV
Periodindex
Oct 2026 47.8
Sep 2026 51.9
Aug 2026 53.2
Jul 2026 53.0
Jun 2026 50.5
May 2026 48.7
Periodindex
Oct 2026 -4.1
Periodindex
Oct 2026 -4.7

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
Australia's Services PMI (S&P Global Market Intelligence, Business Activity Index) is a diffusion index built from a monthly survey of purchasing managers in the services sector. A reading above 50 signals expanding activity; below 50, contraction.
How it's calculated
A diffusion index of business activity in services, based on a single question about the change versus the previous month. The data are seasonally adjusted.
Market implications
A leading indicator of the cycle: it is released before the national accounts and official output data, and markets treat it as the first read of the month. As services dominate Australian GDP, a strong reading supports the Australian dollar and RBA rate expectations.
Limitations
A qualitative survey that measures the direction of change, not its magnitude. The sample is made up of private firms and the seasonal adjustment factors are revised from time to time.