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.

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Most recent - Monday 22 May 2023 23:00

53.7

Revised

Forecast

48.9

Actual

51.8

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

Next event - Sunday 4 June 2023 23:00

51.8

Forecast

51.8

Actual

The typical/expected impact on AUD pairs is medium.

The consensus forecast for S&P Global Services PMI is 51.8. A higher value than forecast tends to be bullish for AUD/xxx pairs and bearish for xxx/AUD pairs.

Trading range

Forecast history

The most recent announced value for S&P Global Services PMI was 51.8 against a forecast of 48.9.

Past events

Date

Forecast

Actual

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

49.3

Sunday 23 October 2022 22:00

50.5

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

49.6

Tuesday 2 August 2022 23:00

50.4

50.9

Thursday 21 July 2022 23:00

50.4

Monday 4 July 2022 23:00

52.6

Wednesday 22 June 2022 23:00

49.1

52.6

Thursday 2 June 2022 23:00

53.2

Monday 23 May 2022 23:00

52.2

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

46.6

Sunday 23 January 2022 22:00

51.8

Wednesday 5 January 2022 22:00

55.1

Wednesday 15 December 2021 22:00

55.1

Thursday 2 December 2021 22:00

55.7

Monday 22 November 2021 22:00

52.7

Tuesday 2 November 2021 22:00

51.8

Thursday 21 October 2021 22:00

51.1

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

43.3

Tuesday 3 August 2021 23:00

44.2

Thursday 22 July 2021 23:00

44.2

Sunday 4 July 2021 23:00

56.8

Tuesday 22 June 2021 23:00

58.3

Wednesday 2 June 2021 23:00

58.2

Thursday 20 May 2021 23:00

58.9

58.2

Tuesday 4 May 2021 23:00

58.6

58.8

Thursday 22 April 2021 23:00

58.6

Tuesday 6 April 2021 23:00

56.2

55.5

Tuesday 23 March 2021 22:00

53.8

56.2

Tuesday 2 March 2021 22:00

53.4

Thursday 18 February 2021 22:00

55.8

54.1

Tuesday 2 February 2021 22:00

55.8

55.6

Thursday 21 January 2021 22:00

57.4

55.8

Tuesday 5 January 2021 22:00

57.4

Tuesday 15 December 2020 22:00

57.4

Wednesday 2 December 2020 22:00

54.9

55.4

Sunday 22 November 2020 22:00

53.8

54.9

Tuesday 3 November 2020 22:00

53.7

Thursday 22 October 2020 22:00

50.3

53.8

Sunday 4 October 2020 22:00

50.8

Tuesday 22 September 2020 23:00

48.4

Wednesday 2 September 2020 23:00

48.1

Thursday 20 August 2020 23:00

48.1

Tuesday 4 August 2020 23:00

58.5

58.2

Thursday 23 July 2020 23:00

53.2

58.5

Thursday 2 July 2020 23:00

53.2

53.1

Monday 22 June 2020 23:00

25.7

53.2

Economic context

Other recent announcements which may affect the market's interpretation of the next S&P Global Services PMI result:

		Previous	Latest
Building Permits (MoM)	Bearish change	-1%	-8.1%
Retail Sales s.a. (MoM)	Bearish change	0.4%	0%
S&P Global Manufacturing PMI	(no change)	48	48

About S&P Global Services PMI

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

Related events

	Australia		Gross Domestic Product (QoQ)
	Canada		Gross Domestic Product Annualized
	Switzerland		Gross Domestic Product s.a. (QoQ)
	China		Non-Manufacturing PMI
	China		Gross Domestic Product (YoY)
	China		Gross Domestic Product (QoQ)
	China		NBS Manufacturing PMI
	Germany		Gross Domestic Product (QoQ)
	Eurozone		Gross Domestic Product s.a. (YoY)
	Eurozone		Gross Domestic Product s.a. (QoQ)
	Japan		Gross Domestic Product (QoQ)
	Japan		Tankan Large Manufacturing Index
	New Zealand		Gross Domestic Product (YoY)
	New Zealand		Gross Domestic Product (QoQ)
	United Kingdom		Gross Domestic Product (QoQ)
	United States		ISM Manufacturing PMI
	United States		Gross Domestic Product Annualized
	United States		Nondefense Capital Goods Orders ex Aircraft
	United States		ISM Services PMI
	United States		Durable Goods Orders
	Australia		S&P Global Manufacturing PMI
	Australia		National Australia Bank's Business Confidence (QoQ)
	Australia		AiG Performance of Mfg Index
	Australia		AiG Industry Index
	Australia		Gross Domestic Product (YoY)
	Canada		Bank of Canada Business Outlook Survey
	Canada		Gross Domestic Product (MoM)
	Canada		Ivey Purchasing Managers Index
	Canada		Ivey Purchasing Managers Index s.a
	Canada		Gross Domestic Product (QoQ)
	Canada		S&P Global Manufacturing PMI
	Switzerland		KOF Leading Indicator
	Switzerland		Industrial Production (YoY)
	Switzerland		Gross Domestic Product (YoY)
	Switzerland		ZEW Survey – Expectations
	China		Industrial Production (YoY)
	China		Caixin Services PMI
	China		Caixin Manufacturing PMI
	Germany		ZEW Survey – Economic Sentiment
	Germany		IFO – Current Assessment
	Germany		S&P Global/BME Manufacturing PMI
	Germany		IFO – Expectations
	Germany		S&P Global/BME Composite PMI
	Germany		ZEW Survey – Current Situation
	Germany		IFO – Business Climate
	Germany		Gross Domestic Product w.d.a (YoY)
	Germany		Gross Domestic Product (YoY)
	Germany		Factory Orders s.a. (MoM)
	Eurozone		ZEW Survey – Economic Sentiment
	Eurozone		S&P Global Composite PMI
	Eurozone		Industrial Production s.a. (MoM)
	Eurozone		Business Climate
	Spain		S&P Global Services PMI
	Spain		S&P Global Manufacturing PMI
	France		Gross Domestic Product (QoQ)
	Italy		Gross Domestic Product (YoY)
	Italy		S&P Global Manufacturing PMI
	Italy		Gross Domestic Product (QoQ)
	Italy		S&P Global Services PMI
	Japan		Tankan Large All Industry Capex
	Japan		Tankan Large Manufacturing Outlook
	Japan		Industrial Production (YoY)
	Japan		Gross Domestic Product Annualized
	New Zealand		Business NZ PMI
	New Zealand		NZIER Business Confidence (QoQ)
	Poland		Purchasing Manager Index
	United Kingdom		Manufacturing Production (MoM)
	United Kingdom		S&P Global/CIPS Composite PMI
	United Kingdom		Manufacturing Production (YoY)
	United Kingdom		Gross Domestic Product (MoM)
	United Kingdom		Industrial Production (MoM)
	United Kingdom		Gross Domestic Product (YoY)
	United Kingdom		NIESR GDP Estimate (3M)
	United Kingdom		S&P Global/CIPS Manufacturing PMI
	United States		Durable Goods Orders ex Defense
	United States		S&P Global Manufacturing PMI
	United States		S&P Global Services PMI
	United States		Chicago Fed National Activity Index
	United States		Factory Orders (MoM)
	United States		ISM Services New Orders Index
	United States		ISM Manufacturing New Orders Index
	United States		Philadelphia Fed Manufacturing Survey
	United States		S&P Global Composite PMI
	United States		Chicago Purchasing Managers' Index
	United States		Durable Goods Orders ex Transportation
	United States		Gross Domestic Product Price Index

Calendar - S&P Global Services PMI - Australia

S&P Global Services PMI

Most recent - Monday 22 May 2023 23:00

Next event - Sunday 4 June 2023 23:00

Trading range

Trading range after each S&P Global Services PMI event

Forecast history

Past events

Economic context

About S&P Global Services PMI

Related events