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 - Tuesday 2 July 2024 23:00

Previous
51
Revised
-
Forecast
50.6
Actual
51.2

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

Next event - Tuesday 23 July 2024 23:00

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 51.2 against a forecast of 50.6.

Past events

Date
Forecast
Actual
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
Wednesday 22 September 2021 23:00
-
44.9
Thursday 2 September 2021 23:00
43.3
42.9
Sunday 22 August 2021 23:00
44
43.3
Tuesday 3 August 2021 23:00
-
44.2
Thursday 22 July 2021 23:00
-
44.2

Economic context

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

PreviousLatest
Consumer Inflation ExpectationsBearish change4.4%4.3%
Westpac Consumer ConfidenceBearish change1.7%-1.1%
Exports (MoM)Bullish change-2.2%2.8%
Imports (MoM)Bullish change-7%3.9%
Trade Balance (MoM)Bearish change6678M5773M
Retail Sales s.a. (MoM)Bullish change0.1%0.6%
Building Permits (MoM)Bullish change1.9%5.5%
AiG Industry IndexBullish change-40.3-25.6
Judo Bank Composite PMIBullish change50.650.7

About S&P Global Services PMI

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

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