Lower numbers than forecast tend to be bullish for xxx/AUD pairs and bearish for AUD/xxx 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 52.5 against a forecast of 53.1.
Recent economic data has been strongly bullish for AUD. Other recent announcements which may affect the market's interpretation of the next S&P Global Services PMI result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Employment Change s.a. | Bullish change | 12.8K | 42.2K | ||
| Full-Time Employment | Bullish change | 6.5K | 55.3K | ||
| Participation Rate | (no change) | 67% | 67% | ||
| Part-Time Employment | Bearish change | 6.3K | -13.1K | ||
| Unemployment Rate s.a. | Bullish change | 4.5% | 4.3% | ||
| Consumer Inflation Expectations | Bearish change | 4.8% | 4.5% | ||
| Westpac Consumer Confidence | Bullish change | -3.5% | 12.8% | ||
| Exports (MoM) | Bullish change | -8.7% | 7.9% | ||
| Imports (MoM) | Bearish change | 3.3% | 1.1% | ||
| Trade Balance (MoM) | Bullish change | 1111M | 3938M | ||
| AiG Industry Index | Bullish change | -16 | -11.2 | ||
| RBA Interest Rate Decision | (no change) | 3.6% | 3.6% | ||
| Building Permits (MoM) | Bullish change | -6% | 12% | ||
| Producer Price Index (YoY) | Bullish change | 3.4% | 3.5% |
| Country: | Australia |
|---|---|
| Currency: | AUD |
| Source: | IHS Markit |
| Category: | Economic Activity |
| Frequency: | Monthly |